B&M Share News (BME)

TOP NEWS: B&M European cuts dividend as annual profit falls

(Alliance News) - B&M European Value Retail SA on Wednesday said annual profit fell below market expectations despite revenue rising by 6.6%, but expects sales and profit to improve next year.

LONDON BRIEFING: Prudential CFO leaves over code of conduct breach

(Alliance News) - Stocks in London were called to open down on Wednesday, as the US government edges closer to its debt ceiling deadline and after some weak manufacturing data in China.

B&M Value Retail sees current profits ahead of 2023

(Sharecast News) - Shares in B&M surged on Wednesday after the discount retailer said it expected current adjusted core earnings to be higher as it posted a fall in annual profits, but reported almost £5bn in sales as customers sought food and goods bargains amid the cost-of-living crisis.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: B&M European Value Retail refinances banking facilities

B&M European Value Retail SA - Luxembourg-based variety goods value retailer - Completes refinancing of bank facilities totalling GBP450 million. Facilities provided by a syndicate of seven banks and comprise a GBP225 million term loan and a GBP225 million revolving credit facility with a five-year maturity, plus two additional one-year extension options.

LONDON BROKER RATINGS: DB cuts Reckitt; Jefferies likes Tesco

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

LONDON BRIEFING: Stocks called flat; AstraZeneca positive test results

(Alliance News) - Stocks in London were called to open flat on Monday, as the dollar softened ahead of a consequential week for US economic data and monetary policy guidance.

LONDON BROKER RATINGS: BoA cuts DS Smith; Jefferies likes JTC

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

LONDON BROKER RATINGS: Deutsche Bank raises B&M; Barclays cuts IWG

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

Deutsche Bank upgrades B&M, downgrades Kingfisher

(Sharecast News) - Deutsche Bank adjusted its ratings on a number of retailers on Friday, as it noted that the European general retail sector ended 2022 on a "surprisingly good" note.

TRADING UPDATES: Blencowe gets ok for samples; Cornish hails results

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

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

LONDON BROKER RATINGS: Peel Hunt raises real estate; UBS cuts Ashmore

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

Berenberg hikes target price on 'well placed' B&M

(Sharecast News) - Analysts at Berenberg raised their target price on discount retailer B&M from 460.0p to 525.0p on Monday, stating the group was "well set for 2023".

LONDON BROKER RATINGS: Credit Suisse cuts Next to 'underperform'

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