Results3 Jun 2026 07:37
In corporate news, B&M European Value Retail posted a sharp slide in annual profits after a "challenging" year which saw British sales weaken as costs rose.
Group revenues at the bargain retailer improved 3.6% in the year to 28 March, supported by a 2.9% uplift in like-for-like sales in B&M France. However, in the UK, like-for-like sales softened 0.1%, while Heron Foods saw revenues decline 0.3%. Costs also rose sharply.
As a result, adjusted earnings before interest, tax, depreciation and amortisation slumped 25.9% to £459m.