B&M Share News (BME)

B&M Value Retail names new CEO, warns on hit to margins

(Sharecast News) - B&M Value Retail on Tuesday warned of a hit to profits as Britain's cost-of-living crisis hit household budgets and announced chief financial officer Alex Russo as a replacement for chief executive Simon Arora.

Tuesday preview: Chinese manufacturing, B&M Retail in the spotlight

(Sharecast News) - The focus in financial markets at the end of May will be on the results of an 'official' survey on manufacturing sector conditions in China for the month of May.

LONDON MARKET CLOSE: Stocks rise after no hawkish surprise from US Fed

(Alliance News) - Stocks in London ended higher on Thursday after minutes from the US Federal Reserve's latest policy meeting showed the central bank may adopt a less aggressive path later this year.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Deutsche cuts Direct Line; BofA raises Hiscox

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday afternoon:

LONDON MARKET CLOSE: US Fed's aggressive rate hike stance sinks stocks

(Alliance News) - Stocks in London ended firmly in the red on Friday after the head of the US Federal Reserve all but confirmed an aggressive interest rate hike path, amid concerns the central bank is "behind the curve".

LONDON MARKET MIDDAY: Retail stocks struggle as UK sales slump

(Alliance News) - Blue-chip indices in Europe were in the red around midday on Friday, with further losses seen in New York, as America's central bank gave its biggest hint yet that big interest rate hikes are in the near future.

LXI REIT sells Essex asset for GBP19 million, buys in Scotland

(Alliance News) - LXI REIT PLC on Friday said it has sold a multi-let site in Essex, England and also exchanged contracts to buy a Marks & Spencer Group PLC food store in Scotland.

IN BRIEF: Long-serving B&M CEO Simon Arora to quit in 12 months

B&M European Value Retail SA - Luxembourg-based variety goods value retailer - Chief Executive Officer Simon Arora will resign his role in 12 months' time. He also will step down as director, the company adds. He has led the business for over 17 years. "A further announcement will be made when appropriate," B&M European says. Simon Arora's brother Bobby Arora will remain group trading director, firm explains.

LONDON MARKET OPEN: Powell scares investors as he eyes chunky hikes

(Alliance News) - Wall Street's late rout on Thursday, leading to a rough session in Asia, spilled over to Europe on Friday morning, with a negative start to trading as the US Federal Reserve doubles down on surging inflation.

LONDON MARKET PRE-OPEN: UK retail sales slump; Ferrexpo revenue up

(Alliance News) - Stocks in London look set to end the shortened trading week on the back foot, after the US Federal Reserve gave its clearest indication yet that it will move aggressively to combat rampant inflation.

LONDON BROKER RATINGS: Prudential and CRH get upgrades, ITV cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Thursday last week:

LONDON BROKER RATINGS: Jefferies raises John Wood; Investec cuts Metro

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

LONDON BROKER RATINGS: Next and B&M raised; British Land cut to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

LONDON BRIEFING: Petropavlovsk warns bank sanctions to hit gold sales

(Alliance News) - Russian gold miner Petropavlovsk on Friday warned it has a USD200 million term loan and a USD86.7 million revolving credit facility with Gazprombank, a bank which now has been sanctioned by the UK, in the wake of Russia's invasion of Ukraine.