UK markets close in 2 hours 24 minutes

B&M European Value Retail S.A. (BME.L)

LSE - LSE Delayed price. Currency in GBp
Add to watchlist
480.10+4.10 (+0.86%)
As of 1:51PM BST. Market open.
Full screen
Previous close476.00
Open478.90
Bid480.10 x 0
Ask480.30 x 0
Day's range473.00 - 480.40
52-week range245.60 - 498.80
Volume745,749
Avg. volume4,514,416
Market cap4.804B
Beta (5Y monthly)1.05
PE ratio (TTM)53.34
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.08 (1.71%)
Ex-dividend date20 Aug 2020
1y target estN/A
  • Will Covid-19 Steal Christmas in the U.K. This Year?
    Bloomberg

    Will Covid-19 Steal Christmas in the U.K. This Year?

    (Bloomberg Opinion) -- New British measures aimed at slowing Covid-19’s spread, before it wreaks more drastic economic consequences, threaten to derail the country’s nascent consumer recovery. Many Brits had been hoping that the rebound would pick up steam with the impending Halloween celebrations and half-term school holidays.The measures from Boris Johnson’s government include new restrictions on pubs and restaurants, fresh advice for people to work from home if they can and keeping to six the number of people who can socialize together. From Thursday, pubs and restaurants will be limited to table service and they’ll have to close at 10 p.m. With last orders at 9 p.m., many businesses will effectively lose an entire sitting.When areas in northeast England introduced local hospitality restrictions last week, there was a sudden drop off in trade as people simply stayed home. But the implications are broader than the decision about whether to go out for the evening.All of this feels just steps away from a more comprehensive lockdown, and comes with the very real danger of undermining confidence. The measures send a signal to consumers that the virus is a threat once more, raising questions about whether social distancing measures already in place are enough. Just as they were starting to go out and spend again, Brits will undoubtedly become more nervous about both the health and economic implications of the pandemic.The timing is particularly difficult for consumer companies. Halloween can be a significant event for supermarkets and variety retailers such as B&M European Value Retail SA, which benefit from demand for sweets and plastic pumpkins. It’s an event that sets the stage for the rest of the year, and this year was seen especially as a barometer for things to come. Beyond the trick-or-treating, Halloween has become popular with adults too, who revel in partying at pubs and clubs in ghoulish costumes. That’s unlikely to be the case this year.The half-term holiday was also poised to be a big getaway week for tour operators and airlines. Travel companies had hoped business would pick up after many British families skipped their summer vacation abroad. With recent changes to travel advice, that demand has waned. European tour operator TUI AG said on Tuesday it had cut capacity for the winter season by a further 20%.It’s now impossible to guess what the year-end holiday season — which accounts for a large proportion of retailers’ and restaurants’ profits — will be like. That helps explain conflicting outlooks from British retailers last week. Next Plc was cautious. By contrast, John Lewis Partership Plc said it was expecting Christmas sales to be the same or better than 2019.Both views have their supporters. Affluent employees who have worked from home have amassed savings, which they might spend online. Those who’ve lost their job, or face redundancy with the cessation of the U.K. furlough support at the end of October, will be thinking differently. Whitbread Plc, owner of the Premier Inn hotel chain, said on Tuesday that it planned to cut as many as 6,000 jobs, almost a fifth of its workforce.There is a chance that by acting now with more stringent measures, the government will make sure some of the pain is out of the way by Christmas, saving the crucial trading period for retailers and restaurants. That’s highly uncertain, though, especially when so much spending in the run-up to the holiday will be determined by whether consumers have the festive feel-good factor. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Did You Participate In Any Of B&M European Value Retail's (LON:BME) Respectable 78% Return?
    Simply Wall St.

    Did You Participate In Any Of B&M European Value Retail's (LON:BME) Respectable 78% Return?

    When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make...

  • ITV set to be relegated from FTSE 100 as ad slowdown bites
    Yahoo Finance UK

    ITV set to be relegated from FTSE 100 as ad slowdown bites

    Tuesday's likely demotion will mark the first time ITV has fallen out of London's topflight index in nine years.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more