London close: Retail stocks rise on mixed day for markets
8th Nov 2023 14:59
(Sharecast News) - London's stock markets experienced a mixed day of trading on Wednesday after a robust performance from the retail sector, led by gains from Marks and Spencer.
Read morePoundland set to buy 71 Wilko locations
12th Sep 2023 15:47
(Sharecast News) - Another 71 Wilko stores were set to change nameplates, it emerged on Tuesday afternoon, as Poundland stepped in to acquire the locations.
Read moreLondon close: Stocks slip on rising oil price concerns
6th Sep 2023 17:43
(Sharecast News) - London's stock markets closed in negative territory on Wednesday, as a significant rise in oil prices fuelled investor concerns over inflation.
Read moreShore Capital upgrades B&M to 'buy' on Wilko deal
6th Sep 2023 09:39
(Sharecast News) - Shore Capital upgraded B&M European Value Retail on Wednesday to 'buy' from 'hold' and lifted the fair value to 640p from 560p on news that the discount retailer will buy up to 51 Wilko stores for £13m.
Read moreBroker tips: B&M, Tesco, Lancashire
5th Sep 2023 15:32
(Sharecast News) - JP Morgan cut its performance rating for UK-listed stocks B&M and Tesco as part of its downgrade of the whole European food retail sector.
Read moreLondon close: Stocks fall on back of weak services data
5th Sep 2023 15:22
(Sharecast News) - London's stock markets ended the trading day in negative territory on Tuesday, pressured by a decline in sterling against the dollar on the back of disappointing services sector data.
Read moreB&M snaps up 51 Wilko stores for £13m
5th Sep 2023 09:46
(Sharecast News) - Discount retail chain B&M is to buy "up to" 51 stores from collapsed rival Wilko, which fell into administration last month.
Read moreJP Morgan downgrades B&M and Tesco on deflation risks
5th Sep 2023 07:51
(Sharecast News) - JP Morgan has cut its performance rating for UK-listed stocks B&M and Tesco as part of its downgrade of the whole European food retail sector.
Read moreDiscount retailers ABF and B&M to 'outperform', says RBC
21st Aug 2023 07:35
(Sharecast News) - RBC Capital Markets has reiterated its positive stance on AB Foods, JD Sports, WH Smith and B&M, saying that consumer buying behaviour in the US paints a promising picture for the London-listed value retailers.
Read moreLondon midday: Stocks slip as core inflation stays high
16th Aug 2023 11:23
(Sharecast News) - UK stocks were trading at five-week lows on Wednesday despite some big gains from blue-chip insurers, with market sentiment hit by fears that the Bank of England may step in to raise interest rates once again.
Read moreLondon open: Stocks flat as rate-hike fears dampen risk appetite
16th Aug 2023 08:03
(Sharecast News) - UK stocks were struggling for direction on Wednesday after data showed that core inflation remains stubbornly high, raising fears that the Bank of England may step in to tighten monetary policy even further.
Read moreFTSE 100 movers: Stocks sink on macro concerns, but retailers outperform
15th Aug 2023 15:50
(Sharecast News) - Mining and financial stocks dropped on Tuesday on the back of macroeconomic concerns, but retail shares held up relatively well.
Read moreB&M to retain Bobby Arora to end of 2026 period
28th Jul 2023 07:26
(Sharecast News) - B&M European Value Retail announced on Friday that it had reached an agreement to secure the commitment of group trading director Bobby Arora until at least March 2026.
Read moreBarclays ups target for B&M Value Retail after latest trading update
30th Jun 2023 19:17
(Sharecast News) - Barclays analysts raised their target price for shares of B&M European Value Retail following the retailer's latest update.
Read moreThursday preview: UK consumer credit, B&M European Value Retail in focus
28th Jun 2023 09:17
(Sharecast News) - Investors' focus on Thursday was expected to shift back towards the UK.
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