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Home Retail shareholder Old Mutual supports Sainsbury's offer

(ShareCast News) - Old Mutual Global Investors, which has a 3.6% stake in Home Retail Group, has come out in support of Sainsbury's bid for the FTSE 250 retailer. It said on Wednesday that it regards the offer as "fair", taking into account the acceleration of the Argos transformation plan within Sa

Home Retail Shareholder Old Mutual Gives Backing To Sainsbury's Bid

BROKER RATINGS SUMMARY: SocGen Cuts Sainsbury To Hold After Argos Deal

LONDON MARKET CLOSE: Oil Sell-Off, BP Send The FTSE 100 Below 6,000

Broker tips: Home Retail, Britvic, AG Barr, Shell

(ShareCast News) - Home Retail had its 'sell' rating reiterated by Canaccord Genuity on Tuesday after the company agreed on the terms of a takeover bid from J Sainsbury. Sainsbury's has offered £1.3bn for the owner of Argos, equivalent to 161.3p a share. Home Retail shareholders will receive 55p in

LONDON MARKET MIDDAY: Loss-Making BP Leads Oil And Mining Stocks Rout

BUZZ-Sainsburys: Gains after agreeing to buy Home Retail

** Sainsburys shares up 3.2 pct, top of FTSE 100, after agreeing to buy Argos-owner Home Retail in 1.3 bln stg deal ** Deal values Home Retail at about 161.3p per share after Home Retail returns cash and capital to shareholders post sale of Homebase to Australia's Wesfarmers ** Home R

Home Retail a 'sell' after Sainsbury's takeover offer, says Canaccord

(ShareCast News) - Home Retail had its 'sell' rating reiterated by Canaccord Genuity on Tuesday after the company agreed on the terms of a takeover bid from J Sainsbury. Sainsbury's has offered £1.3bn for the owner of Argos, equivalent to 161.3p a share. Home Retail shareholders will receive 55p in

LONDON MARKET OPEN: BP Leads Shares Lower After Earnings Miss

UPDATE 1-Sainsbury's agrees 1.3 bln stg deal for Argos owner Home Retail 

(Adds detail) LONDON, Feb 2 (Reuters) - Sainsbury's, Britain's second-biggest supermarket, has agreed to buy Argos-owner Home Retail for 1.3 billion pounds ($1.87 billion) to boost its online credentials and expand beyond the cut-throat food sector. Home Retail, which said in January

London pre-open: Stocks seen lower as attention turns to construction data

(ShareCast News) - London stocks are expected to open weaker on Tuesday, as investors look to the release of UK construction data. The FTSE 100 is seen starting 36 points lower than Monday's close at 6,024. "The latest manufacturing PMI numbers out of the UK showed a modest pickup in economic activ

Sainsbury's Agrees Terms Of Possible Offer For Home Retail Group (ALLISS)

Sainsbury's agrees 1.3 bln stg deal for Argos owner Home Retail 

LONDON, Feb 2 (Reuters) - Sainsbury's, Britain's second-biggest supermarket, said on Tuesday it had agreed a 1.3 billion pound ($1.87 billion) deal to buy Argos-owner Home Retail in cash and shares. Home Retail, which said in January it had rejected an earlier undisclosed offer from Sainsbu

Sainsbury's and Home Retail agree deal

(ShareCast News) - Sainsbury's and Home Retail have come to an agreement over the terms of a deal that values the FTSE 250 retailer at about £1.3bn. Home Retail shareholders will receive 55p in cash and 0.321 Sainsbury's shares for each of their Home shares. They will also receive a payout of 25p p

CORRECT: LONDON MARKET CLOSE: BT Shines While Sterling Rises After Weak US Data