Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Monday 18 January 2016
The FTSE 100 opened the week in positive territory although oil giants BP and Shell were both near the foot of the index as oil prices fell further following the lifting of sanctions on Iran.
“Home Retail (LSE:HOME) was an early riser after it agreed to sell its DIY chain Homebase to Australian retail giant Wesfarmers,” says AJ Bell Investment Director Russ Mould.
“Home Retail is planning to return around £200m of the £340m it is getting for Homebase to shareholders and the deal also opens the door for a renewed offer for Argos by Sainsbury’s (LSE:SBRY). The supermarket giant’s recent approach for the entire group was rejected because Home Retail’s board felt it undervalued the business but a move for Argos could be far more compelling.
“International Greetings (LSE:IGR) had a strong Christmas with all regions trading profitably. Its operation in China has performed very well throughout the year and the group had record sales in the US.
“Condor Gold (LSE:CNR) has taken down the ‘for sale’ sign. The company’s share price has tumbled since it started the process in September due to the negative sentiment towards junior gold explorers and significantly undervalues the company’s key asset, La India project in Nicaragua.”
These articles are for information purposes only and are not a personal recommendation or advice.
Ways to help you invest your money
Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.
Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.
Our investment experts share their knowledge on how to keep your money working hard.
Related content
- Fri, 02/05/2025 - 10:46
- Thu, 01/05/2025 - 11:14
- Wed, 30/04/2025 - 11:17
- Tue, 29/04/2025 - 10:17
- Mon, 28/04/2025 - 10:34