Sun 27th Jul 14, 18
Home Retail Group is considering a sale of its £1.5bn Homebase DIY chain, the Mail on Sunday said. Home Retail wants to concentrate on its core Argos business under new group Chief Executive John Walden, who turned around Argos in the previous two years. Stronger sales and profitability at Homebase have helped bolster the case for a sale amid a company-wide review. City dealmakers are circling to win work on the potential sale and a decision could come in the next few weeks.
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Sell shares of BG Group, Danny Fortson recommended in the Sunday Times. The shares were the best performers in the European oil industry in the second quarter of this year despite the absence of a Chief Executive. Chairman Andrew Gould's reputation has supported the shares while he stands in and he is close to appointing a replacement for Chris Finlayson, who quit three months ago. Gould has said there are no sacred cows in BG's global operations and has put some of its North Sea fields up for sale. But the share price has run ahead of achievements, Fortson said in his Inside the City column. 12 hours ago
S&P 500: -0.48 2 days ago
Lloyds Banking Group on Friday confirmed that it is in late-stage settlement discussions with a number of government agencies related to interbank rate setting procedures. 3 days ago
United Utilities on Friday said it had traded in line with its expectations in the four months to late July, with an increase in revenue partly offset by the previously announced special customer discount of around £20m that has been applied to this year's bills. 3 days ago
Direct Energy, the North American subsidiary of Centrica, has agreed to sell its Ontario home services business to EnerCare for £300m. 3 days ago
Telecoms giant Vodafone posted a 4.4% decline in organic group revenue to £10,204m for the quarter ended June 30th, while group service revenue fell 4.2% to £9,446m, as anticipated. 3 days ago
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Germany-focused workspace owner and operator Sirius Real Estate (SRE) has restructured its property portfolio and returned to the dividend list.
Sirius owns and operates 33 business parks, industrial facilities and offices in Germany. The company offers flexible workspace predominantly aimed at small and medium-sized companies, although it also has large companies, such as Siemens, as clients. There is more than one million square metres of lettable space.
Using technical analysis and the market fundamentals to review what happened to affect the major currencies last week and a look ahead for the big currency pairs this week.
Looking at the euro versus the dollar, analyst Jameel Ahmed from FXTM said the signs of a short-term bullish trend line in the EUR/USD that began to form the week prior turned out to be exactly that, a short-term bull.
With the Dow, S&P, NASDAQ, FTSE 100, DAX, FTSE 250 and RUSSELL 2000 sitting at either all-time highs or near multi-year highs it may feel like all the deals and bargains have gone. But determined stockpicking can still find undervalued gems.
This month I will take a look at a stock which I think still has tremendous value even after the recent bounce: Blackberry (NYSE:BBRY)
The Head and Shoulders indicator is another method used in forex trading to forecast a future price reversal.
As it is generally accepted that prices operate in trends, by tracking these trends and assessing them, traders can forecast how the market is moving and plan their strategies to take advantage of price reversals.
NAHL (NAH), the owner of National Accident Helpline, may on the face of it appear to be a legal business but it is really an outsourced marketing business. This means that cash flow is positive unlike its legal clients who have to wait ages to get paid. That means that NAHL Group Plc can offer an attractive yield.
The business floated on AIM at 200p a share at the end of May 2014. Enough new money was raised to pay the costs of the flotation while the rest of the £35m went to existing shareholders.