B&M European Value Retail raises profit forecast again as lockdown surge continues
UK stores saw like-for-like sales grow by 19% in the second quarter
Company
B&M European Value Retail SA
LON:BME
B&M offers a broad range of quality products and key brands at low prices. By continually exciting our customers with fantastic value, enhanced by good retail standards, we provide a fun shopping experience which prompts customers to return again and again to a B&M store.
164 stories · page 2 of 2
FTSE 100 welcomes discounter B&M to cap founder brothers' 25-year journey
The quarterly FTSE reshuffle also sees ITV depart the blue chip index, while there were several changes to the mid-cap index
B&M European raises earnings forecasts following strong performance
Earnings are expected to be £250-270mln for the six months to September 26, against analyst forecast of £208mln
B&M plans new stores as quarterly sales climb
In the quarter to June 27 group revenue jumped 28% to £1.1bn
B&M ups dividend as strong trading continues through coronavirus lockdown
Sales have boomed but social distancing measures have increased operating costs
B&M a ‘buy’ again for Liberum on strong performance during pandemic
According to the broker, the discount retailer is well placed to benefit from current consumer behaviour
B&M sales boom as lockdown boosts gardening and DIY
Sales jumped in the eight weeks to 23 May while some shops were open in lockdown
B&M downgraded to ‘hold’ by ShoreCap over coronavirus uncertainty
"We struggle to see how the B&M share can outperform the retail equity market, with the risks on the downside"
B&M European Value weak as JPMorgan Cazenove cuts to ‘neutral’; thinks earnings at risk due to slowing momentum
The US bank also cut its target price for the FTSE 250-listed stock by 10% to 360p from 400p
B&M’s results show resilience against a tough backdrop, analysts say
“We see this as a solid overall performance in what is proving to be a tough Christmas period across retail,” analysts at Liberum said
B&M growth slows over Christmas as it holds off from further discounting
Group revenue rose 9.3%, with UK stores up 8.8% including like-for-like sales up 0.3% in the 13 weeks 28 December
B&M shares slide to a discount as German business tanks
The future of its German business, Jawoll, is under review after its weak performance caused the retailer's overall profits to decline 71%
B&M sales soar following another record Easter
The discount retailer took record sales over the Easter weekend for the third year in a row
Investments and investor services
FTSE 100 closes lower Friday after lacklustre week
The FTSE 250 went the other way and gained over 87 points on Friday
Archive
Gym Group set to flex its muscles again with strong trading update
Analysts at Liberum expect Gym Group to benefit from the rising popularity of low-cost gyms as more consumers tighten the purse strings and make healthier choices
Archive
Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
B&M European Value slips after mixed reaction to results
B&M fascia stores grew like-for-like sales 0.7% for the year after strengthening to 5.8% in the fourth quarter, while underlying earnings jumped 13.5% to £297mln
B&M shares gain as Barclays initiates coverage with 'overweight' rating
"B&M has entered a virtuous circle in which like-for-like sales growth and new store expansion increase its volumes, which in turn reduce its cost ratios and allow it to invest in prices and put pressure on peers," Barclays said
B&M looks good value to RBC analysts
B&M shares have gained almost 25% so far in 2019, and Canadian bank RBC thinks there’s plenty more headroom for future growth
Tesco, Next and Ted Baker among the festive winners as high street survives Christmas - but only just
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
B&M expects record full year earnings after Christmas sales grow despite weaker UK performance
“Despite the broader economic uncertainty over the last quarter, B&M is on track to deliver a record year for both sales and earnings, representing our fourteenth consecutive year of profit growth,” said chief executive Simon Arora
Archive
FTSE 100 closes higher as traders optimistic on China/US talks breakthrough
The UK blue-chip benchmark added around 45 points at 6,906, while FTSE 250 surged even higher.
Archive
Slew of retailer trading updates to continue, Sainsbury's takes supermarket focus
The post-Christmas assessment of the high street will carry on unabated on Wednesday, with updates expected from Ted Baker, Topps Tiles and Majestic Wines
Archive
Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Next's Christmas trading to be hit by Brexit and mild weather, says Jefferies
In a note to investors, titled a “Messy Xmas”, Jefferies maintained a ‘hold’ rating on Next but cut its target price to 4,600p from 5,600p.
Marks & Spencer investors braced for a tough Christmas after ASOS warning
With consumer confidence at its lowest ebb for almost a year, just what is in store for M&S
B&M shares fall as sales ease after end to warm summer months
“In recent months we have met the challenge of trading against last year's exceptionally strong performance, and the effects of a long warm summer which has partly disrupted the normal pattern of trade,” said chief executive Simon Arora.
FTSE 100 closes slightly in red as traders sit on hands ahead of central bank updates
FTSE 100 closed down 0.46 points, or 0.01% at 7,700 on Monday
Archive
Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Dark day for major retailers as disappointing news sends shares sliding across the board
Three major retailers saw their share prices hammered after releasing trading updates
B&M reports strong revenue growth in first quarter but LFL growth faces tough comparable
The FTSE 250-discount retailer said group revenue growth for the quarter was 21.4% compared with 17.2% growth in the same period a year ago
FTSE 100 closes higher Thursday as traders come back to equities
Sterling was also stronger - up 0.06% to 1.1318 against the Euro and up 0.12% versus the US dollar
Archive
ASOS set for a warm weather boost
Thursday will see retailers ASOS and Dunelm to the fore. The former is expected to issue an upbeat statement while the latter will be looking to prove it is not curtains for its growth story.
Archive
High street vs online: Updates from retailers Mark & Spencer and ASOS will provide fuel
Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
B&M sees profit growth for full-year despite fourth quarter weather conditions
The FTSE 250 retailer reported adjusted pre-tax profits of £221.5mln, up 16.5% on the previous year, while group revenues grew 22.4% to £2.97bn from £2.43bn
Archive
FTSE 100 has late flurry to close firmly higher
The UK blue-chip index had a surge near the close of play and added nearly 57 points
Archive
Royal Bank of Scotland in the spotlight on Wednesday as possible dividend return eyed
The state-owned lender is reportedly considering asking for permission to restart dividends after making progress in resolving legacy issues and returning to an annual profit
Archive
Quiet week seen following UK bank holiday, with any dividend news from RBS's AGM the main interest
Week Ahead also includes full-year results from platinum refiner Johnson Matthey PLC, transport operator Firstgroup PLC, and discount retailer B&M European Value Retail SA
Next, M&S, Pets at Home and B&M slump on Citigroup downgrade
Citi said investors should buy online over bricks and mortar retailers and European over UK stocks
Value retailer B&M reports solid Christmas trading, remains on track to meet full year expectations
In a trading update for the 13 week period from 24 September 2017 to 23 December 2017, the FTSE 250-listed firm said group sales revenue grew by 22.7 % at constant currency to £969.8mln, up from £789.1mln
FTSE 100 ambles to another high
The Footsie set another record closing level but it was not entirely storming ahead; most of the gain was down to bid stock GKN's 25% rise
Brexit could hamper turnaround of Carpetright and other UK retailers, says Deutsche Bank
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
ASOS upgraded by Deutsche Bank as part of New Year review of retail sector
Deutsche Bank has identified a number of themes for the retail sector: continue to favour online clothing sellers over bricks & mortar operations; beware of "value traps" and turnaround plays
B&M chairman Terry Leahy to be replaced by SuperGroup's Peter Bamford
B&M chairman Terry Leahy will be replaced by Peter Bamford, the current chairman of SuperGroup and deputy chairman of Spire Healthcare
B&M buys discount retailer Heron Food Group for £152mln
The company's board expects the acquisition to enhance earnings immediately
B&M European Value Retail shares gain on Asda takeover bid speculation
Asda is said to believe buying B&M would reduce its reliance on food sales amid a supermarket price war in the UK
Late Easter and warm weather help to boost sales at discount retailer B&M
For the three months to the end of March, total group revenues surged by 18.3% to £656.3mln
FTSE 100 retreats as US jobs growth surprises on the downside
Blue-chip stocks just about held on to some gains after the US jobs report came in weaker than expected
Barclays Capital starts coverage on raft of retailers notably Kingfisher with 'underweight'
One suspects Barclays Capital has just employed a new team covering retail stocks with initiations of coverage across the board
Broker comment weighs on specialty chemicals company Elementis
Elementis shares fell nearly 4% after German bank Berenberg cut its rating to ‘hold’ from ‘buy’, with the downgrade largely made on a valuation basis.
Discount retailer B&M European Value Retail delivers its “best-ever” Christmas trading
B&M – which also operates in Germany - saw group revenue in the quarter grow by 20.5% at constant currency to £789.1mln, driven by a strong seasonal performance.
Retailers under pressure as Deutsche Bank cuts its stance on three high street names
The bank cut Next to 'hold' from ' buy', and reduced bicycles to car parts retailer Halfords Group and department stores group Debenhams both to 'sell' from 'hold'
WH Smith gets some Christmas cheer as Deutsche Bank returns its rating to ‘buy’
The analysts pointed out that WH Smith had been on Deutsche Bank’s Buy list for over 8 years before they downgraded their recommendation at the beginning of 2016.
Retail winners & losers: Tesco, Home Retail, B&M, Asos...
Tesco reported its first group like-for-like sales increase for more than four years
Investments and investor services
Shares stay in red as Bank of England keeps rates on hold
The Footsie recovered from a 5829 intra-day low to stand 89.32 points off at 5871
New stores make up for mild weather hit at B&M
Discounter's UK sales revenue in the 13-week period rose 24.4% to £614.5mln
Shares leak on oil price dip but Tesco bounces back
The FTSE 100 Index dropped 106.7 points to 5854 after Wall Street fell
Risers & Fallers: Euromoney, InterContinental Hotels, JD Sports, Thomas Cook, Tesco, TUI Travel
The bomb attacks in Jakarta have hit travel stocks hard.
Archive
Bombed out Tesco one to check out, according to Barclays
On a week in which retailers came to the market, largely warned on trading and profitability and definitely failed to conquer, Barclays provided an antidote to the gloom with an upgrade to shares in Britain's largest grocer.
Investments and investor services
Brokers: Mixed day for the retailers
Dixons Carphone and Dunelm were given the thumbs up, while Kingfisher and next were downgraded by broker Nomura
B&M hikes divi as mild weather and store openings impact LFL sales
B&M warned "greater-than-budgeted" store opening costs had brought short-term operational challenges.
Investments and investor services
Risers & Fallers: React Group, WS Atkins, Oilex, Carclo, Ferrex and Anglo American
Below are the main news-driven share price movements at 4pm.
Investments and investor services
Risers & Fallers: EMED, Clontarf, Proteome, Gable, LGO, Central Rand Gold and more.
Proteome gave a bullish update on its pipeline situation while Central Rand Gold struggles to sell its Dutch arm.
Investments and investor services
FTSE 100 ignores Grexit possibility
The Fed's influence continues to trump the European Union's