A bad start to the year for Sainsbury’s, Anglo American, Aberdeen Asset Management and Burberry, who top the list of most shorted shares of 2016 January 5, 2016 Sainsbury's yesterday revealed it had made an approach to takeover Home Retail Group, the owner of Argos and Homebase, in a bid to reverse its faltering fortunes. The report came as the extent of the Big Four supermarket’s woes were laid bare by new data revealing that its shares were the most shorted on the [...]
At the close: FTSE 100 index closes up on miners despite losses in Next and Sainsbury’s January 5, 2016 The FTSE 100 index closed up today, outperforming other European markets, as miners made gains. The index closed 0.72 per cent up at 6,137 points, despite losses in Next, Sainsbury's and stocks in companies with exposure to China. Miners ended the day higher, with Glencore leading the pack and Anglo American and Rio Tinto not far behind, after [...]
Retail therapy: British supermarket giant Sainsbury’s considers second bid for Argos owner Home Retail Group January 5, 2016 Sainsbury's is mulling over a second bid for Home Retail Group after it came clean yesterday about a £1bn unsolicited offer for the Argos and Homebase owner. The supermarket chain said it is “considering its position” after its initial cash and share bid in November was rejected by Home Retail’s board. Home Retail was also reportedly [...]
Christmas gifts 2015: How late can you leave your shopping at Argos, M&S, Currys, John Lewis, Zara, Amazon, Harrods and more? December 23, 2015 Left your Christmas shopping until the last minute this year again? You’re not alone. Christmas Eve is when the real festive rush sets in, with manic shoppers dashing to get everything done before Father Christmas is due. Last year, payments processor Worldpay estimated it was the single busiest day of the year, processing 26m transactions [...]
Panic Saturday is here: 12.6m Britons hit the shops for busiest day of Christmas shopping as sales start early at M&S, Sports Direct, H&M, Argos and Sainsbury’s December 19, 2015 Brace yourselves, Panic Saturday is here. If you still haven’t bought your Christmas presents, be prepared for crowds. A stampede of last minute Christmas shoppers are bearing down on UK retailers today, making it the busiest day of this year’s Christmas shopping. 12.6 million Britons are forecast to hit the shops, spending over £1.1bn on [...]
Home Retail Group’s DIY chain Homebase eyed up by French suitor for takeover bid December 6, 2015 Takeover interest in Home Retail Group’s Homebase is heating up amid reports that a French rival is eyeing a bid for the DIY chain. Leroy Merlin, the French home-improvement and gardening retailer with stores in 13 countries, is said to have examined a bid for the group. It is unclear whether the Family-owned group is [...]
Minority Game: What stock investors can learn from the failure of Black Friday December 1, 2015 Black Friday has come and gone, but the massive surge of shoppers which was anticipated in much of the media failed to materialise. Many retail outlets were quieter than a normal Friday. In contrast, internet shopping went wild. Amazon had its biggest ever day in the UK, selling over 7m items. Argos and John Lewis [...]
Shares in Home Retail rally over Homebase bid rumours December 1, 2015 Shares in Home Retail Group rose more than three per cent yesterday on the back of reports that the former boss of Garden Centre Group is considering a bid for Homebase. Nicholas Marshall, who stepped down as chief executive of the rival garden retail chain – now called Wyevale Garden Centres – in 2012, told [...]
Apple Cyber Monday 2015 deals: Best UK sales for cheap iPhones, Macs, iPads, iPad Pro the Apple Watch and more – at Tesco, Argos, Currys PCWorld, John Lewis, eBay and others November 30, 2015 Just like Black Friday, Apple's not one to get on the Cyber Monday discounting bandwagon, but that doesn't mean you still can't bag a bargain on iPhones, iPads Macs and more. We've hunted high and low so you don't have to when it comes to bagging an Apple deal. Here are the bargains we found. Read more: [...]
Cyber Monday 2015: Shoppers across the UK set to spend more than £3bn by Cyber Monday November 28, 2015 By the time Cyber Monday comes to an end shoppers around the UK are expected to have spent over £3bn, as they clutch at online deals. Analysts predict a total of £3.2bn to be spent by customers across the country this weekend – Amazon reported its biggest sales day ever in the UK yesterday, with 6m orders, according [...]