Good morning! Below covers today's regulatory and potentially price-sensitive announcements.
| Company | Announcement |
|---|---|
| £4910m - B&M European Value Retail SA (LON:BME) - Household (Retail) | Trading Update - B&M European Value Retail S.A. ("the Group"), the UK's leading general merchandise value retailer, today provides a trading update for the first half of its current financial year, relating to the period from 29 March to 26 September 2020.● Strong first half revenue growth and profit uplift driven by elevated average spend per visit● B&M's value-led, variety goods model and its convenient, easily-accessible, out-of-town locations continue to prove attractive to customers● Group revenue growth in the first half of 25.3%, with B&M UK stores generating revenue growth of 29.5% including like-for-like growth of 23.0%● Trading momentum at B&M UK stores maintained in Q2, with 19.1% like-for-like growth in the quarter and an exit rate at a similar level● First half Group Adjusted EBITDA1 (pre-IFRS16) expected to be above the previously guided range (£250m to £270m announced on 28 July) and now estimated to be approximately £285m (before currency adjustments)● 9 new B&M UK fascia stores opened |
| £2140m - Ferguson (LON:FERG) - Industrial (Construction) | Results for the year ended July 31, 2020 - - Ongoing revenue 2.0% ahead of last year with continued market share gains in the US.- US revenue growth of 2.7% and underlying trading profit growth of 5.2%.To safeguard the wellbeing of our associates and support our customers we immediately moved to operating our business in adherence with the recommended Center for Disease Control (CDC) guidelines. Cleaning protocols at all sites were put into operation alongside appropriate social distancing measures. In the early weeks of the pandemic our branches moved to pick-up and delivery only with customers encouraged to order ahead with pick-up in store or at the curbside. Showrooms moved to virtual appointments only and we also implemented new processes and protocols to keep our drivers safe including touchless signature at the point of delivery or pick-up location. At the peak of the pandemic about 14,000 US associates (over 50%) were working remotely supported by technology.Revenue of $21,819 million (2019: $22,010 million) was 0.9% lo |
| £2060m - Grainger (LON:GRI) - Financial (Real Estate) | Trading Update - "Our Covid-19 response strategy to innovate, communicate and improve has ensured we have… |
