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BUZZ-Sainsbury's: 2nd-top European retail gainer on Exane hike

Wed, 17th Feb 2016 08:58

** Sainsbury's +2.4 pct & 2nd top Stoxx 600 retailgainer as Exane BNP Paribas says deal to buy Argos-ownerHome Retail points to greater estate overlap, synergies

** Brokerage upgrades to "outperform" from "neutral", ups TPby 12 pct to 280p on a deal it considers underappreciated

** Says whether SBRY can really grow Argos remains moot, butit can give the business more reach, broker lifts its centralsynergy forecast to £160 mln v £120 mln

** SBRY agreed this month to buy Home Retail in 1.3 bln stgdeal

** Up to Tues close, SBRY -3.6 pct YTD vs -8.7 pct Stoxxpeer index; peers Tesco - 21 pct & Morrisons' -20 pct

** 4 brokerages rate SBRY "buy" or higher, 10 "hold" and 6"sell" or lower; median PT 260p, according to Thomson Reutersdata (RM: esha.vaish.thomsonreuters.com@reuters.net)

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1 Sep 2016 19:00

Thursday newspaper share tips: 888 Holdings, Steinhoff, Poundland

(ShareCast News) - 888 Holdings is a classic case of 'prey turned predator', The Times´s Tempus said. Owning its own technology - unlike most of its would be suitors - had allowed the company to maintain a steady rate of organic growth over the past five years - and turn the tables on its rivals. S

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8 Aug 2016 16:13

UPDATE 1-Steinhoff springs a surprise with $3.8 billion Mattress Firm deal

* Steinhoff pays "strategic premium" for Mattress Firm - analyst * Deal gives Steinhoff access to U.S. for first time * Steinhoff has capacity to absorb Mattress Firm, debt - Moody's * Shares rise in Frankfurt, Johannesburg (Adds Moody's comment in last two paragraphs) B

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8 Aug 2016 14:37

Steinhoff springs a surprise with $3.8 billion Mattress Firm deal

* Steinhoff pays "strategic premium" for Mattress Firm - analyst * Deal gives Steinhoff access to U.S. for first time * Shares rise in Frankfurt, Johannesburg By Tiisetso Motsoeneng JOHANNESBURG, Aug 8 (Reuters) - Steinhoff's $3.8 billion purchase of debt-laden Mattress

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25 Jul 2016 14:10

Sainsbury's Purchase Of Home Retail Cleared By UK Financial Regulator

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22 Jul 2016 09:55

WINNERS & LOSERS SUMMARY: Vesuvius Faces "Almighty Crash" In Steel

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22 Jul 2016 07:59

Sainsbury's £1.4bn Home Retail acquisition gets CMA approval

(ShareCast News) - The £1.4bn combination of Sainsbury's and Argos owner Home Retail Group was a step closer on Friday, with the Competition and Markets Authority dropping its investigation and allowing the acquisition by the supermarket to proceed. On 1 April, the boards of Sainsbury's and Home Ret

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22 Jul 2016 07:45

BUZZ-Home Retail: UK competition watchdog clears Sainsbury's deal

** Argos-owner Home Retail's shares +3.5 pct, second-largest FTSE 250 gainers, after UK's Competition and Markets Authority clears Sainsbury's acquisition of co ** CMA says its investigation found deal will not hurt competition in the UK ** A fifth of co's daily avg vols gone through

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22 Jul 2016 07:31

LONDON MARKET OPEN: Stocks Lower But CRH And Vodafone Shares Rally

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22 Jul 2016 06:48

TOP NEWS: UK Regulator Clears Sainsbury's Takeover Of Home Retail

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20 Jul 2016 15:07

UK Shareholder Meetings Calendar - Next 7 Days

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5 Jul 2016 16:30

UPDATE 1-Sainsbury's says Brexit doesn't change rationale of Home Retail deal

* Sainsbury's publishes prospectus for Home Retail deal * Hopes to complete deal in September * CEO says danger UK talking itself into recession (Adds detail, CEO, CFO comments) By James Davey LONDON, July 5 (Reuters) - Sainsbury's boss said he remained convinced of the

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5 Jul 2016 14:25

Sainsbury's says Brexit doesn't change rationale of Home Retail deal

LONDON, July 5 (Reuters) - The boss of Sainsbury's said the British supermarket remained convinced of the rationale of its proposed purchase of Argos-owner Home Retail despite increased economic uncertainty following the UK's vote to quit the European Union. "We remain absolutely convince

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4 Jul 2016 10:23

Sainsbury's ends Netto discount chain experiment

LONDON, July 4 (Reuters) - British supermarket Sainsbury's pulled the plug on Netto stores, its 16-strong, two-year experiment designed as a plan to stop losing market share to the country's fast-growing discount sector led by Aldi and Lidl. Sainsbury's set up a joint venture with Dansk S

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22 Jun 2016 15:05

UK Shareholder Meetings Calendar - Next 7 Days

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16 Jun 2016 13:55

REFILE-UPDATE 1-Poundland boss will not stay on to tackle Steinhoff bid

(Adds dropped fourth paragraph) * Jim McCarthy still plans to step down as CEO on July 1 * Deadline for Steinhoff to make takeover offer July 13 * Steinhoff revealed 23 pct Poundland stake on Wednesday * Poundland underlying profit down 13.5 pct in 2015-16 * Shares u

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