B&M Forecasts Annual Profit Gain of Up to 16% as Shares Jump
B&M said annual profit may rise by up to 16% as lower prices and leaner ranges under its turnaround plan helped it win back cash-strapped shoppers. Shares reached a more than one-year high on Thursday.
B&M LSE:BME shares jumped on Thursday to a more than one-year high after the discount retailer said its annual profit may rise up to 16% as lower prices and leaner ranges under a turnaround plan helped it win back cash-strapped shoppers.The company, which sells products ranging from food and househ…