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UPDATE 3-UK's Home Retail in talks to sell Homebase to Australia's Wesfarmers

(Adds Wesfarmers statement) By Paul Sandle LONDON, Jan 13 (Reuters) - British takeover target Home Retail said on Wednesday it was in advanced talks to sell its Homebase home improvement stores to Australia's Wesfarmers for 340 million pounds ($490 million) in cash, allowing it to foc

Home Retail Confirms Talks On Homebase Sale For GBP340 Million

LONDON MARKET CLOSE: New 11-Year Low For Brent Limits China Gains

PRESS: Wesfarmers In Talks To Buy Home Retail's Homebase - Sky News

UK's Home Retail in talks to sell Homebase to Australia's Wesfarmers-Sky

LONDON, Jan 13 (Reuters) - Britain's Home Retail is in talks to sell its DIY chain Homebase to Australia's Wesfarmers, Sky News reported, a deal which could make it easier for Sainsbury's to achieve its ambitions of buying the group's Argos chain. The Australian company, which owns Coles su

FTSE 250 movers: Oil prices help market stay mostly in the black

(ShareCast News) - The FTSE 250 was in the black for most of Wednesday, before a sharp fall late in the afternoon sent it into the red. The second-tier market was down 2.79 points (0.02%) to 16,685.12 under an hour before the market was due to close. Oil and gas producers and service providers were

UPDATE 2-Sainsbury's tells Home Retail it won't overpay

* Sainsbury's says takeover of Home Retail compelling * Has until Feb. 2 to make firm offer * Sainsbury's Christmas sales beat expectations * Home Retail shares up 4.9 pct, Sainsbury's down 1 pct (Adds CEO, investor comments, shares) By James Davey LONDON, Jan 13 (

Sainsbury's says Home Retail "not a must do deal"

LONDON, Jan 13 (Reuters) - The finance chief of British supermarket Sainsbury's said its takeover approach for Argos owner Home Retail was not a "must do deal" and it would not over pay. Last week Sainsbury's revealed that it had a November bid approach for Home Retail rejected. It is curre

LONDON MARKET CLOSE: New 11-Year Low For Crude Wipes Out Gains

FTSE 250 movers: Ocado continues to slump

(ShareCast News) - The FTSE 250 stayed in the red on Monday, down 43.10 points (0.26%) to 16,689.56 by mid-afternoon. Ocado Group led the fallers again on Monday, despite Barclays reiterating its 'equal weight' rating last week. It followed the company slumping at the start of the year and late last

LONDON MARKET MIDDAY: US Stocks Seen Higher As Earnings Season Starts

WINNERS & LOSERS SUMMARY: Takeover Talk Boosts Home Retail And Laird

LONDON MARKET OPEN: South African-Exposed Stocks Hit By Rand Decline

PRESS: Home Retail Investors Want More From Sainsbury's - Sunday Times

Sunday newspaper round-up: BT, Shire, Sainsbury's, Laird

(ShareCast News) - A handful of much-anticipated deals could be announced in the coming week, according to the Sunday newspapers, including BT's acquisition of EE, Shire's takeover of Baxalta and Sainsbury's follow up offer for Home Retail. BT's acquisition of mobile phone network EE will be given f