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Sainsbury And Steinhoff Agree To Amendments On Home Retail Deadline

Nomura cuts Sainsbury's target price ahead of Argos bid deadline

(ShareCast News) - Nomura has cut its price target on Sainsbury's ahead of Friday's bid deadline for Argos owner Home Retail, after an uneventful trading update. With the grocer's shares having risen to 280p, Nomura calculated that around 50p of that was from the value-creating potential of the Argo

UPDATE 2-Sainsbury's has best quarter in over two years ahead of Argos deadline

* Reports first sales growth in nine quarters * Takeover Panel deadline for Argos bid is Friday * Both Sainsbury's and Steinhoff pursuing Argos * Home Retail shares indicate higher bids expected * Sainsbury's shares down 0.2 pct (Adds detail, CEO, analyst comment, shares

UK's Sainsbury's reports first quarterly sales growth in 2 years

LONDON, March 15 (Reuters) - Sainsbury's, Britain's second biggest supermarket, on Tuesday beat expectations with its first quarterly underlying sales growth in over two years, potentially helping its takeover approach for Argos-owner Home Retail. The firm, which is embroiled in a two-way b

Sunday newspaper round-up: Budget, Sainsbury's, Virgin Media, Reuters

(ShareCast News) - George Osborne look to grab as much as £20bn to fill shortfalls in his Budget this Wednesday, making deep cuts in public spending, an increased insurance premium tax and other new or increased duties and taxes, while also looking to cut taxes for North Sea oil producers. The Sunda

UPDATE 2-Cash-rich bid target Home Retail says Argos sales improve

* Company updates on trading ahead of bid deadline * Eight week Argos like-for-like sales down 1.1 pct * Cash balance at end 2015 100 mln ahead of forecasts * CEO says extra value generated in quarter (Releads, adds CEO comments, analyst reaction, shares) By Paul Sandle<

Home Retail's Argos sales improve at year-end

(ShareCast News) - Home Retail Group reported an improvement in sales at its Argos stores in the final eight-week trading period for the financial year ended 27 February. The FTSE 250 company, which recently sold Homebase and is currently the subject of a bidding war between South African retailer S

Home Retail Says Argos Sales Decline In Year But Late Improvement Seen

Bid target Home Retail sees sales at Argos improve at year-end

LONDON, March 10 (Reuters) - Home Retail, the retailer at the centre of a bidding war, said sales at its Argos stores open over a year fell 1.1 percent in the eight weeks to Feb. 27, an improvement on the year overall, helped by its upgraded home delivery service. The company said on Thursd

RPT-British retailers invite rival brands to fill their empty spaces

(Repeats with no changes) By James Davey LONDON, March 6 (Reuters) - As online deliveries surge and shop sales fall, Britain's retailers are looking to refit their once bustling superstores with new attractions such as rivals' fashion brands to fill empty spaces and keep shoppers comi

British retailers invite rival brands to fill their empty spaces

By James Davey LONDON, March 6 (Reuters) - As online deliveries surge and shop sales fall, Britain's retailers are looking to refit their once bustling superstores with new attractions such as rivals' fashion brands to fill empty spaces and keep shoppers coming through the door. In a

Earnings, Trading Statements Calendar - Week Ahead

Sainsbury reserves right not to proceed with formal bid for Home Retail

(ShareCast News) - Sainsbury cautioned investors it might not go ahead with a formal bid for Home Retail Group. However, the company simultaneously backtracked on the conditions announced on 2 February for any such bid; namely, the completion of its due-diligence of its rivals' books and a recommend

Sainsbury's Says Some Home Retail Offer Pre-Conditions Are Waivable

South Africa's Steinhoff Follows Argos Bid With Darty Takeover Offer