Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksB&M Share News (BME)

Share Price Information for B&M (BME)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 518.40
Bid: 518.00
Ask: 518.40
Change: 1.40 (0.27%)
Spread: 0.40 (0.077%)
Open: 519.80
High: 521.40
Low: 517.20
Prev. Close: 517.00
BME Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK's Sainsbury's in contact with government over Red Sea disruption

Wed, 10th Jan 2024 11:16

LONDON, Jan 10 (Reuters) - Sainsbury's is in regular contact with the UK government about the disruption to shipping in the Red Sea, the supermarket group said on Wednesday, in a sign of the nervousness of major importers about securing supplies.

Sainsbury's, Britain's second largest grocer after Tesco , owns a large general merchandise business, Argos, and also sells clothing. Most of its general merchandise products are imported.

Global shipping firms are avoiding the Red Sea, and so the fastest shipping route between Asia and Europe through the Suez Canal, due to attacks on vessels by the Iran-backed Houthi militant group. They are diverting ships around Africa's Cape of Good Hope, adding two weeks to journey times and extra costs.

"We're just keeping a very close eye on it, with a focus on getting products through that customers want and containing cost risk," Sainsbury's CEO Simon Roberts told reporters after the group updated on Christmas trading.

"We're making sure that we plan the sequencing of product from Asia Pacific, so that we get products in the right order," he said, noting that long term contracts with shippers "mitigate any cost impact as far as possible".

Roberts said Sainsbury's was having conversations on the Red Sea issue with the UK government.

"We're on regular calls there to make sure that the latest intel ... is understood," he said.

Last week, British clothing retailer Next said its sales growth would likely be moderated if the disruption continues.

However, discount chain B&M said on Tuesday it did not expect any material impact from the disruption.

Retailers worldwide are stocking up on goods before China's Lunar New Year holiday and seeking air or rail alternatives to transportation via the Red Sea. (Reporting by James Davey and Muvija M Editing by William James and Mark Potter)

More News
22 Apr 2024 16:58

LONDON MARKET CLOSE: New record close for FTSE 100 as war fears ease

(Alliance News) - London's FTSE 100 surged on Monday, with blue-chip equities supported by an easing of geopolitical worry, and hope that the Bank of England is getting a handle on UK inflation.

Read more
22 Apr 2024 14:54

London close: Stocks jump on weaker sterling, easing geopolitics

(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.

Read more
22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

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

Read more
22 Apr 2024 08:49

LONDON MARKET OPEN: Hipgnosis jumps on Blackstone rival offer

(Alliance News) - Stock prices in London opened higher on Monday, as investors shook off nerves ahead of a key US inflation reading later this week.

Read more
19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

Read more
17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

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

Read more
16 Apr 2024 09:34

B&M flags decent group-wide revenue growth

(Sharecast News) - Discount retailer B&M reported growth in revenue across its fascias in a full-year update on Tuesday, with B&M UK achieving £4.41bn, marking a 4% increase.

Read more
16 Apr 2024 08:38

UK discounter B&M expects full-year profit at top end of guidance

2023/24 revenue up 10.1% to 5.5 bln stg

*

Read more
16 Apr 2024 08:37

TOP NEWS: B&M eyes profit at "top end" and annual revenue growth

(Alliance News) - B&M European Value Retail on Tuesday said it expects annual profit at the "top end" of its guidance, hailing a year of "strong operational execution".

Read more
16 Apr 2024 07:55

LONDON BRIEFING: DS Smith backs International Paper takeover

(Alliance News) - London's FTSE 100 has been called to open lower on Tuesday, following declines for Asian equities and a sizeable drop for US tech shares overnight.

Read more
10 Apr 2024 11:56

LONDON MARKET MIDDAY: European stocks get boost ahead of US inflation

(Alliance News) - Stock prices in London were higher at midday on Wednesday, despite some nerves centred around the latest US inflation rate reading, out this afternoon.

Read more
6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

(Alliance News) - The FTSE 100 in London opened higher on Tuesday, with oil major BP at the top of the index, thanks to its new share buyback programme.

Read more
2 Feb 2024 16:08

UK dividends calendar - next 7 days

Monday 5 February 
Henderson European Focus Trust PLCdividend payment date
JPMorgan European Discovery Trust PLCdividend payment date
JPMorgan Japanese Investment Trust PLCdividend payment date
XPS Pensions Group PLCdividend payment date
Tuesday 6 February 
Ferguson PLCdividend payment date
Wednesday 7 February 
Barings Emerging EMEA Opportunities PLCdividend payment date
Britvic PLCdividend payment date
Thursday 8 February 
AB Dynamics PLCex-dividend payment date
Aberforth Smaller Cos Trust PLCex-dividend payment date
Aberforth Split Level Income Trust PLCex-dividend payment date
Ashtead Group PLCdividend payment date
Atrato Onsite Energy PLCex-dividend payment date
Avon Protection PLCex-dividend payment date
Baronsmead Second Venture Trust PLCex-dividend payment date
Baronsmead Venture Trust PLCex-dividend payment date
BlackRock Income & Growth Investment Trust PLCex-dividend payment date
Bluefield Solar Income Fund Ltdex-dividend payment date
Cerillion PLCdividend payment date
Chenavari Toro Income Fund Ltdex-dividend payment date
CVC Income & Growth Ltd - EURex-dividend payment date
CVC Income & Growth Ltd - GBPex-dividend payment date
EJF Investments Ltdex-dividend payment date
GCP Infrastructure Investments Ltdex-dividend payment date
Henderson Smaller Cos Investment Trust PLCex-dividend payment date
Impact Healthcare REIT PLCex-dividend payment date
Impax Asset Management Group PLCex-dividend payment date
Keystone Positive Change Investment Trust PLCdividend payment date
LXi REIT PLCex-dividend payment date
Octopus Renewables Infrastructure Trust PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
Renew Holdings PLCex-dividend payment date
Residential Secure Income PLCex-dividend payment date
Smiths News PLCdividend payment date
Taylor Maritime Investments Ltdex-dividend payment date
Victorian Plumbing Group PLCex-dividend payment date
Friday 9 February 
AJ Bell PLCdividend payment date
B&M European Value Retail SAspecial dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
Braemar PLCdividend payment date
i3 Energy PLCdividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Montanaro UK Smaller Cos Investment Trust PLCdividend payment date
Netcall PLCdividend payment date
Origin Enterprises PLCdividend payment date
Sage Group PLCdividend payment date
Schroder AsiaPacific Fund PLCdividend payment date
Tracsis PLCdividend payment date
Tufton Oceanic Assets Ltddividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
26 Jan 2024 09:07

LONDON BROKER RATINGS: Morgan Stanley ups Rightmove; Deutsche cuts IHG

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

Read more
23 Jan 2024 12:30

TOP NEWS: B&M European Value Retail Chair Peter Bamford to retire

(Alliance News) - B&M European Value Retail SA on Tuesday said it started a recruitment process for a new chair as Peter Bamford will retire during this year.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.