UK's B&M rises as adjusted core profit beats estimates, margin fears ease
03/06/2026 08:56
BUZZ-UK's B&M rises as adjusted core profit beats estimates, margin fears ease ** Shares of B&M European Value Retail BMEB.L climb 9.5% to 186.7p
** British discount retailer reports FY26 adjusted core profit of 459 mln pounds, beating Jefferies estimate of 451 mln pounds
** Broker Panmure Liberum says H2 gross margin held steady, with clearance of legacy ranges and pricing investment not driving further unexpected deterioration
** Stock has gained about 10.6% so far this year
(Reporting by Judes Joseph in Bengaluru)
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