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Three Quick Facts: B&M European Value Retail, Young & Co’s Brewery, Tate and Lyle


Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. B&M European Value Retail revenue growth accelerates in Q2

B&M European Value Retail [LON:BME] has published interims today covering the 26 weeks to 24th September. Revenues are up 1.8% with growth significantly higher in the second quarter and also across both the company’s French operations and its Heron convenience store brand. The company remains highly cash generative and expects to return surplus capital to investors beyond the dividend, which is unchanged at 5p for the interim.

#2. Young & Co’s Brewery wary of macro headwinds

Interims from Young & Co’s Brewery [LON:YNGA] have been released showing revenues up by almost a quarter from last year although pre-tax profits are holding steady. The company is however wary over the near term outlook with macroeconomic headwinds and the risk of further train strikes both posing threats. Interestingly the company – with a market cap of just over £600m – notes that its pub estate is worth £824m. The reported doubling of eps means investors will be rewarded with a 20% increase in interim dividend.

#3. Repositioned Tate and Lyle sees revenue, profits surge

Tate and Lyle [LON:TATE] also have interims out today. Group revenue is up 20% and adjusted operating profits have risen 29%, with full year expectations remaining on track. Management see the strong performance as coming off the back of the group’s pivot to being a science-drive and growth focused F&B solutions provider, which has enhanced both the quality and resilience of the business. Operating margins are up 110 basis points and whilst the interim dividend has been trimmed by 40%, this reflects the new earnings base and special dividend paid in May.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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