UK's B&M falls to bottom of midcaps after profit forecast cut

B&M European Value Retail

22/01/2026 08:06

** Shares of British discount retailer B&M BMEB.L fall 3.7% to 166.7 pence; top loser on FTSE mid cap index .FTMC

** Co cuts adjusted core profit forecast to between 440 million pounds and 475 million pounds ($591.10 million-$638.12 million) for fiscal 2026, below previously expected 470 million to 520 million pounds

** BMEB's group revenue rose 2.9% to 1.74 billion pounds in 13 weeks to December 27

** As of last close, stock up 2.6% YTD, while FTMC up 2.7%

($1 = 0.7444 pounds)

(Reporting by DhanushVignesh Babu in Bengaluru)

((DhanushVignesh.Babu@thomsonreuters.com))