EU CONSUMER STAPLES: B&M | CEO update
Apr-30 08:05
(BMELN; Ba1 Stable/BB+ Neg)
Still waiting on a new CEO, CFO interim for time being.
We are keenly watching B&M updates - levels are interesting (£) and outside the need to stabilise some recent weakness in sales, fundamentals are firm.
"The Board continues to make good progress on CEO succession and will update the market as soon as the recruitment process has concluded. In the intervening period, the Board has appointed Mike Schmidt to act as interim CEO, alongside his role as CFO." - B&M
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MNI: GERMANY NRW MAR CPI +0.3% M/M, +1.9% Y/Y
Mar-31 08:00
- MNI: GERMANY NRW MAR CPI +0.3% M/M, +1.9% Y/Y
MNI: BAVARIA MAR CPI +0.3% M/M, +2.3% Y/Y
Mar-31 08:00
- MNI: BAVARIA MAR CPI +0.3% M/M, +2.3% Y/Y
CROSS ASSET: Risk-Off Moves Start To Fade
Mar-31 07:51
Nothing much in terms of overt drivers for the moderation in the risk-off moves. Seems cross-asset flow-driven, with oil and equities off lows, while bonds are off highs.
