B&M: City broker ‘not concerned’ about retailer despite turmoil Retail City broker Panmure Liberum has reassured investors about a serious slide in B&M’s share price, arguing that it’s based on a ‘one-time error’ and doesn’t suggest underlying trouble. B&M surprised markets this morning when it released a trading statement showing a significant accounting error and the related departure of its chief financial officer. The FTSE [...]
Business rates reform set to give boost to Greggs, B&M and Halfords Retail The government’s proposed reform of business next year is set to give a boost to companies with a large number of small stores like Halfords, Curry’s and Dunelm, according to analysts. Despite significant backlash against the reform from large high street retailers, analysts at Panmure Liberum have suggested the move would, overall, be good for [...]
B&M’s shares drop despite hints of turnaround from new CEO Retail B&M has reported a strong set of results under its new CEO after a tough year and a half marked by supply chain issues. But its share price still plunged by 13 per cent in early trades, pulled down by concerns about margin pressures like price deflation and cost inflation. The FTSE 250 company told [...]
B&M: Revenue ticks up as new stores outperform June 4, 2025 Discount retailer B&M has reported a bump in its full-year earnings after progress in France and a better-than-anticipated performance at its new stores. The London-listed Luxembourg-headquartered company reported revenue of £5.57bn in the 52 weeks ended March 29, up 3.7 per cent year on year. It said the higher revenue was “primarily driven” by the contribution [...]
B&M appoints ex-Tesco executive as new CEO May 15, 2025 Household goods retailer B&M has appointed ex-Tesco executive Tjeerd Jegen as its new CEO. Jegen will succeed Alex Russo, who joined the company in 2020 and was promoted to the top job in 2022. Group CFO Mike Schmidt will continue to lead the business until 16 June. Liverpool-headquartered B&M announced Russo’s departure in February this [...]