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B&M European Value Retail SA (BMEB.L)

BMEB.L on London Stock Exchange

381.00GBp
22 Sep 2017
Change (% chg)

5.70 (+1.52%)
Prev Close
375.30
Open
375.30
Day's High
381.70
Day's Low
375.00
Volume
2,732,762
Avg. Vol
5,667,978
52-wk High
381.70
52-wk Low
218.40

Latest Key Developments (Source: Significant Developments)

B&M European Value Retail SA acquires Heron Food
Wednesday, 2 Aug 2017 03:16am EDT 

Aug 2 (Reuters) - B&M European Value Retail Sa :ANNOUNCES ACQUISITION BY ITS SUBSIDIARY, EV RETAIL LIMITED, OF ENTIRE ISSUED SHARE CAPITAL OF HERON FOOD GROUP.TOTAL ENTERPRISE VALUE OF TRANSACTION IS £152M INCLUDING DEBT ASSUMED OF HERON GROUP.AN INITIAL CASH CONSIDERATION OF £112.1M WAS PAID BY B&M ON EXCHANGE AND COMPLETION OF ACQUISITION TODAY.B&M EUROPEAN VALUE RETAIL SA - INITIAL CASH CONSIDERATION WAS SATISFIED FROM B&M'S EXISTING CASH RESOURCES AND FACILITIES.BOARD EXPECTS ACQUISITION TO BE IMMEDIATELY EARNINGS ENHANCING.MICHAEL HEUCK IS RETIRING FROM BUSINESS AS PLANNED, ANDREW AND DAVID HEUCK REMAIN IN EXISTING ROLES WITH HERON.  Full Article

Retailer B&M announces pricing of 250 mln stg notes offering
Thursday, 26 Jan 2017 09:59am EST 

B&M European Value Retail Sa : Pricing of senior secured notes offering . Pricing of 250 million stg senior secured notes offering .Notes are expected to be issued on Feb. 2, 2017.  Full Article

B&M European first half core earnings up 14.6 pct
Tuesday, 15 Nov 2016 02:33am EST 

B&M European Value Retail : Interim results for the 26 weeks to 24 September 2016 . Group revenues increased by 18.9% to £1,105.9m, +17.7% at constant currency . 20 net new UK store openings, including 500th store opened in April, on track to open at least 50 new stores this financial year . German business, Jawoll, opened 10 net new stores in the period, on track to open 19 new stores this financial year . UK like-for-like revenues +0.2% if including planned impact of nearby openings but +1.9% on an underlying basis . 20 net new uk store openings, including 500 th store opened in april . UK like-for-like revenues¹ +0.2% if including planned impact of nearby openings . Group adjusted EBITDA increased by 14.6% to £99.2m (FY16: £86.6m) . Group adjusted profit before tax increased by +17.2% to £77.9m (FY16: £66.4m) . Interim dividend increased by 18.8% to 1.9p per share (FY16: 1.6p per share) .We are confident of meeting expectations during remainder of this year.  Full Article

B&M European year profit up 19.5 pct
Thursday, 26 May 2016 02:19am EDT 

B&M European Value Retail Sa : Preliminary Results for the 52 weeks to 26 March 2016 . Continued Delivery of our Strategy; Trading in Line with Expectations . Group revenues increased by +23.6% to £2,035.3m (2015: £1,646.8m) . UK like-for-like sales +0.3% (2015: +4.4%) and 2.4% on an underlying basis . Adjusted profit before tax increased by 19.5% to £161.4m (2015: £135.0m) . Total dividend for year of 4.8p (2015: 3.4p) . Board is pleased to declare a special dividend of 10.0p per share as well Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Shares in Britain's B&M rise on report Asda eyeing takeover bid

LONDON Shares in British discount retailer B&M European Value Retail rose as much as 5.3 percent on Monday after a report that Asda, the UK supermarket arm of Wal-Mart Stores, was considering 4.4 billion pound ($5.7 billion) takeover bid.