B&M European Value Retail SA, the U.K. discount retailer chaired by former Tesco Plc boss Terry Leahy, rose on its London trading debut after owners including private-equity firm Clayton Dubilier & Rice LLC raised more than 1 billion pounds ($1.7 billion) from an initial public offering.
Tesco Plc and J Sainsbury Plc may report stronger sales this week as the U.K.’s worst early snowfall in 17 years prompted Britons to do all their holiday shopping in a single supermarket visit or to order online.
Kingfisher Plc , Europe’s largest home-improvement retailer, said second-quarter sales declined as the U.K. B&Q chain offered fewer promotions and Britons cut spending on large items such as bathrooms and kitchens.
HMV Group Plc, the U.K.’s biggest DVD and music retailer, agreed to sell its Waterstone’s book chain to billionaire Alexander Mamut for 53 million pounds ($86 million) as it seeks to cut rising debt and stave off lenders.
Ocado Group Plc, an unprofitable U.K. online grocer, traded above its initial public offering price for the first time in London as the shares continued to climb ahead of a fourth-quarter sales update on Jan. 10.
HMV Group Plc , the music and DVD retailer that owns Waterstone’s bookstores, rose as much as 4.9 percent in London trading after Russian billionaire Alexander Mamut increased his stake to more than 3 percent.
HMV Group Plc , the U.K.’s biggest music and DVD retailer, may need to sell its Waterstone’s bookstore chain, suspend its dividend or offer shares as time runs short to develop a business model for the digital age.
Mulberry Group Plc fell the most in more than a year in London after the luxury bag maker said profit will be “substantially below” estimates because of weak sales in the U.K. and order cancellations in South Korea.