The discount retailer B&M may have only posted a H1 trading update less than two weeks ago, but this morning management issued another note to the market. This highlighted that some £7m some shipping costs hadn’t been accounted for in the last release and it would have a material impact on the outlook for FY26. Adjusted EBITDA is now expected to come in between £470m and £520m, down from the previously guided £510m to £560m. The CFO has also advised that he will stand down in the wake of this n news and the B&M share price is off 15% in early trade as a result.
The AIM listed exploration and mine development company provided an update to the market this morning, noting that its joint venture with Anglo American in Zambia had been terminated by mutual agreement. The agreement sees Anglo surrendering its stake in the JV but leaves Arc still to try and navigate an ongoing legal process locally. The Arc Minerals share price was down 50% shortly after the open.
The once ubiquitous high street retailer Mothercare still exists, but as a shadow of its former self and now sports a market cap of less than £20m. This morning, management published an update noting that payments due to the Group’s pension trust would be deferred again to aid cashflow within the business and that the position will be corrected by March 2026. The note also highlighted that a breach of the liquidity financial covenant had occurred – as had been expected – and that whilst the lender remains supportive, the facility is now repayable on demand Management note the business has sufficient cash to continue trading for the foreseeable future and early losses for the Mothercare share price of around 12% were being at least partially recovered shortly after the open.
Most read news on Investegate this morning
Equity fundraise of £16 million - - Avacta Group (AVCT)
Update on FY26 Guidance and Directorate Change - - B&M European Value Retail S.A. (DI) (BME)
Subscription Agreement Update - £1.2m Proceeds - - The Smarter Web Company Plc (SWC)
