Company
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.
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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
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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
Citi said investors should buy online over bricks and mortar retailers and European over UK stocks
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
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
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food 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 will be replaced by Peter Bamford, the current chairman of SuperGroup and deputy chairman of Spire Healthcare
The company's board expects the acquisition to enhance earnings immediately
Asda is said to believe buying B&M would reduce its reliance on food sales amid a supermarket price war in the UK
For the three months to the end of March, total group revenues surged by 18.3% to £656.3mln
Blue-chip stocks just about held on to some gains after the US jobs report came in weaker than expected
One suspects Barclays Capital has just employed a new team covering retail stocks with initiations of coverage across the board
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.
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.
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'
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.
Tesco reported its first group like-for-like sales increase for more than four years
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The Footsie recovered from a 5829 intra-day low to stand 89.32 points off at 5871
Discounter's UK sales revenue in the 13-week period rose 24.4% to £614.5mln
