WINNERS & LOSERS: Howden's acquisition; B&M signals recovery on track

Wed, 03rd Jun 2026 10:14

(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Wednesday.

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FTSE 100 winners

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Howden Joinery Group PLC, up 3.1% at 778.25p acquires DIY Kitchens for GBP390 million

Bunzl PLC, up 2.4% at 2,336.00p

SSE PLC, up 2.1% at 2,303.50p

United Utilities Group PLC, up 2.1% at 1,306.50p

JD Sports Fashion PLC, up 1.7% at 85.50p

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FTSE 100 losers

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ICG PLC, down 4.9% at 1,764.00p

Burberry Group PLC, down 2.3% at 1,142.75p

Melrose Industries PLC, down 2.2% at 449.70p

Croda International PLC, down 2.2% at 2,960.50p

Fresnillo PLC, down 2.1% at 3,222.50p

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FTSE 250 winners

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B&M European Value Retail SA, up 16% at 197.95p, decline in UK sales show some signs of easing

Ceres Power Holdings PLC, up 3.5% at 841.00p, tracks higher energy prices

Ithaca Energy PLC, up 3.3% at 238.40p

Harbour Energy PLC, up 3.2% at 288.80p

Investec PLC and Ltd, up 2.1% at 673.50p

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FTSE 250 losers

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Ninety One PLC and Ltd, down 7.3% at 205.90p, much of its AUM increase attributable to the GBP18.3 billion Sanlam mandate

Bridgepoint Group PLC, down 3.9% at 256.10p

IP Group PLC, down 3.3% at 68.30p

easyJet PLC, down 3.2% at 450.60p, gives back some of recent rally's gains after asset manager Castlelake confirms it is considering a possible offer

Partners Group Private Equity Ltd, down 3.2% at 891.00p

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FTSE 100 & 250 movers in focus:

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Howden Joinery Group PLC, up 3.1% at 778.25 pence, 12-month range 713.00p-981.00p. Acquires online retailer DIY Kitchens for an enterprise value of GBP390 million. The consideration comprises GBP292.5 million in cash and GBP97.5 million in new Howden shares. Kitchen and joinery supplier Howden says DIY Kitchens generated GBP136 million in revenue and GBP37 million in earnings before interest and tax in 2025 and has achieved annual revenue growth of more than 17% over the past five years. The acquisition gives Howdens direct access to non-trade consumers through DIY Kitchens' online-only model, while the business will continue to operate separately from Howdens' own larger trade only business following completion. Howdens says the deal is expected to be immediately accretive to revenue, Ebit margin and earnings per share, and does not affect its previously announced GBP100 million share buyback programme for 2026. The transaction remains subject to regulatory approval.

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B&M European Value Retail SA, up 16% at 197.95 pence, 12-month range 140.00p-340.10p. Rallies despite reporting a sharp fall in annual profit and a dividend cut, as investors focus on its outlook. The discount retailer says pretax profit fell 47% to GBP227 million in financial 2026 and reduced its total ordinary dividend to 9.6p per share from 15.0p. However, B&M says it is confident it can offset higher energy costs through cost savings and says it sees no reason why its UK business cannot return to double-digit Ebitda margins over the medium term.

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Ninety One PLC and Ltd, down 7.3% at 205.90 pence, 12-month range 155.60p-262.20p. Reports assets under management of GBP171.8 billion at March 31, up 31% from a year earlier, though much of the increase reflects the GBP18.3 billion Sanlam asset management business acquisition and GBP19.9 billion of market and foreign exchange gains. The asset manager records net inflows of GBP2.8 billion during the year, while pretax profit rises 2.0% to GBP207.5 million. Ninety One also raises its total dividend by 10% and expands its share buyback programme to GBP55 million from GBP30 million.

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Tritax Big Box REIT PLC, down 1.3% at 148.00 pence, 12-month range 132.20p-174.00p. Completes the sale of six logistics assets to EQT Real Estate for GBP199 million in cash, in line with their book values. The assets, located in Leamington Spa, Peterborough, Didcot and Kettering, generate total contracted annual rent of GBP12 million. The real estate investment trust investing in logistics properties in the UK says the disposals form part of its strategy to recycle capital into higher-returning opportunities, including development-led logistics projects and data centres. The company has completed nearly GBP1 billion of asset sales over the past three years.

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Currys PLC, up 1.7% at 149.45 pence, 12-month range 106.00p-162.80p. Head of Nordics division Fredrik Tonnesen will become group chief executive on August 3, succeeding Alex Baldock. Tonnesen has worked for Currys for more than 20 years and has led the division since 2023, overseeing around 40% of group revenue. The company says Nordics operating profit has more than tripled under his leadership. Baldock will step down from the board on August 3 and leave the company on August 31 after supporting the transition.

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By Eva Castanedo, Alliance News reporter

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