B&M cuts profit guidance again; CEO to retire
24th Feb 2025 07:02
(Sharecast News) - Shares in UK discount retailer B&M slumped on Monday after profit guidance was cut again on the back of an uncertain economic outlook and announcement that chief executive Alex Russo would retire at the end of April.
Read moreLondon close: Stocks led higher by rising metal prices
9th Jan 2025 16:53
(Sharecast News) - London stocks maintained positive momentum through to the close on Thursday, driven by gains in the mining sector and the continued depreciation of the pound.
Read moreB&M announces special dividend after solid third quarter
9th Jan 2025 07:23
(Sharecast News) - Discount retailer B&M European Value Retail announced a special dividend of £151m in a trading update on Thursday, after reporting a strong third-quarter as it narrowed its full-year guidance.
Read moreLondon close: Stocks finish Monday with small gains
6th Jan 2025 15:06
(Sharecast News) - London's stock markets closed in positive territory on Monday, though gains were modest as investors navigated a backdrop of lackluster UK economic data.
Read moreTesco and B&M best placed as inflation picks up, says Citi
6th Jan 2025 07:38
(Sharecast News) - Citi has reiterated its 'buy' calls on UK retailers Tesco and B&M amid a "lacklustre" consumer backdrop as food inflation begins to reaccelerate.
Read moreBerenberg names JD Sports and Curry's among top consumer stock picks
29th Nov 2024 09:36
(Sharecast News) - Berenberg has said it has a positive stance UK consumer stocks heading into 2025 due to depressed valuations and improving macro trends, naming JD Sports, Curry's and Dunelm among the best picks in the sector.
Read moreB&M to issue £250m in senior secured notes
18th Nov 2024 12:29
(Sharecast News) - B&M European Value Retail announced plans to issue £250m in sterling-denominated senior secured notes on Monday, due 2031, to repay its existing senior secured notes maturing in 2025.
Read moreLondon close: Stocks rise as dip buyers enter the fray
14th Nov 2024 15:50
(Sharecast News) - London markets ended Thursday in positive territory, with sentiment buoyed by robust corporate updates, as investors digested the latest producer price data out of the United States.
Read moreB&M reiterates full-year guidance
14th Nov 2024 07:02
(Sharecast News) - B&M European Value Retail reiterated its full-year outlook on Thursday after half-year sales ticked higher.
Read moreLondon close: Stocks finish higher after slew of PMI data
23rd Sep 2024 15:05
(Sharecast News) - London's stock markets ended Monday on a positive note, as investors pored over a number of economic activity reports from both the UK and international markets.
Read moreRBC names M&S and Currys as top UK retail picks
29th Jul 2024 08:53
(Sharecast News) - Wage inflation and easier comparatives with last year could lead to a pick-up in demand for UK retailers this autumn, according to RBC Capital Markets which has highlighted M&S and Currys as its top stock picks.
Read moreLondon close: Stocks finish mixed on China demand concerns
16th Jul 2024 15:35
(Sharecast News) - London stocks finished with a mixed performance on Tuesday as investors weighed global political and economic risks, with the likes of Rio Tinto and Burberry remaining below the waterline.
Read moreB&M confident after first-quarter growth
16th Jul 2024 07:17
(Sharecast News) - Variety discount retailer B&M European Value Retail reported a 2.4% increase in group revenue for its first quarter on Tuesday.
Read moreLondon close: Stocks slide on China data, Burberry warning
15th Jul 2024 12:46
(Sharecast News) - London stocks ended Monday in negative territory, influenced by weaker-than-expected Chinese GDP figures and a profit warning from luxury fashion house Burberry.
Read moreLondon close: Stocks mixed as investors assess hung French parliament
8th Jul 2024 15:07
(Sharecast News) - London markets showed mixed performance on Monday as investors weighed the implications of a hung parliament in France.
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