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    BME   LU1072616219

B&M EUROPEAN VALUE RETAIL S.A.

(BME)
  Report
Delayed London Stock Exchange  -  11:35 2022-08-18 am EDT
416.30 GBX   -1.58%
02:04aB&M EUROPEAN VALUE RETAIL S A : Inside Information / Ad Hoc Information
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08/13B&M EUROPEAN VALUE RETAIL S A : Delighted With Major Expansion Of Cambridgeshire Store
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08/05B&M EUROPEAN VALUE RETAIL S A : Managers' transactions
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UK retail stocks rally on government's household support package

05/26/2022 | 09:59am EDT
Logo of food and clothes' retailer Marks and Spencer is seen at a branch in London

LONDON (Reuters) - Shares in British retailers rallied on Thursday on hopes that a new 15 billion pound ($19 billion) package of support for households struggling to meet soaring energy bills will encourage them to keep spending.

Britain announced a 25% windfall tax on oil and gas producers' profits alongside the package of household support.

That sparked a rally in retail stocks that have been battered in recent months over the feared repercussions of the cost-of-living crisis.

Shares in Ocado were up 11.2% at 1339 GMT, while Marks & Spencer was 8.5% higher, B&M had added 7.4%, Next was up 6.6% and Primark owner Associated British Foods had risen 3.9%.

British consumers are still facing the biggest squeeze on disposable income since at least the 1950s, with inflation at 9% and set to climb further.

On Wednesday, M&S said Britons would not feel the full force of the cost of living crisis until the autumn. Despite Thursday's rally, M&S shares are still down 35% this year.

(Reporting by James Davey; Editing by Hugh Lawson)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ASSOCIATED BRITISH FOODS PLC -0.52% 1630 Delayed Quote.-18.40%
B&M EUROPEAN VALUE RETAIL S.A. -1.58% 416.3 Delayed Quote.-33.28%
KINGFISHER PLC -1.27% 248 Delayed Quote.-25.75%
LONDON BRENT OIL 3.50% 96.5 Delayed Quote.18.90%
MARKS AND SPENCER GROUP PLC -1.30% 133.1 Delayed Quote.-41.72%
NEXT PLC -0.88% 6332 Delayed Quote.-21.62%
WTI 3.47% 90.71 Delayed Quote.15.49%
All news about B&M EUROPEAN VALUE RETAIL S.A.
02:04aB&M EUROPEAN VALUE RETAIL S A : Inside Information / Ad Hoc Information
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08/13B&M EUROPEAN VALUE RETAIL S A : Delighted With Major Expansion Of Cambridgeshire Store
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Financials
Sales 2023 4 805 M 5 768 M 5 768 M
Net income 2023 352 M 422 M 422 M
Net Debt 2023 2 036 M 2 444 M 2 444 M
P/E ratio 2023 11,7x
Yield 2023 3,74%
Capitalization 4 168 M 5 003 M 5 003 M
EV / Sales 2023 1,29x
EV / Sales 2024 1,21x
Nbr of Employees 38 301
Free-Float 93,0%
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 416,30 GBX
Average target price 490,11 GBX
Spread / Average Target 17,7%
EPS Revisions
Managers and Directors
Simon Arora Chief Executive Officer & Executive Director
Alejandro Russo Chief Financial Officer & Executive Director
Peter Richard Bamford Non-Executive Chairman
Ronald Thomas McMillan Senior Independent Non-Executive Director
Tiffany Hall Independent Non-Executive Director
Sector and Competitors