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B&M European Value Retail S.A.
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News: BMRPF
Retailers Kingfisher, B&M and Next backed to benefit from subdued housing market
Kingfisher PLC (LSE:KGF), B&M European Value Retail SA (LSE:BME) and Next PLC (LSE:NXT) were named as RBC Capital Markets' preferred UK retail plays as the broker predicted that the housing market would "hold up rather than surge". RBC said subdued housing activity and fragile consumer confidence would continue to weigh on home-related spending.
B&M divides City analysts as hopes of a turnaround face fresh scrutiny
B&M European Value Retail SA (LSE:BME) continues to split City opinion, with its first-quarter trading update sending Deutsche Bank to upgrade the discount retailer on signs that profit margins are stabilising, while Panmure Liberum abandoned its long-standing bullish stance. The contrasting reactions underline the uncertainty surrounding new chief executive Tjeerd Jegen's efforts to revive growth after several disappointing quarters.
B&M shares slide but analysts say quarter changes little
B&M European Value Retail SA (LSE:BME) shares fell after the discount retailer reported a decline in underlying UK sales, although analysts said the update was largely in line with expectations and did little to alter the investment case. Shares in the FTSE 250-listed group fell 5.8% to 192.1p by early afternoon on Wednesday.
Retailer B&M's quarterly sales gain as France offsets UK weakness
Discount retailer B&M reported a 2% rise in its first-quarter group revenue on Wednesday, as strong growth in France and a recovery at Heron Foods unit offset a decline in like-for-like sales at its core UK business.
UK retailer B&M appoints Asda's Atheeq Akbar as finance chief
British discount retailer B&M named Asda [RIC:RIC:WMTAS.UL] executive Atheeq Akbar as its next chief financial officer on Wednesday, with the company pushing ahead with efforts to boost its UK business.
