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The Independent UK
The Independent UK
Business
Henry Saker-Clark

B&M shares plunge as finance chief quits over ‘embarrassing’ accounting error

BM Mike Schmidt
B&M has slashed it’s profit guidance for the second time in a month - (Getty Images)

Discount retailer B&M has slashed its profit guidance for the second time in a month, following the discovery of a £7m accounting error.

In a surprise announcement on Monday, the London-listed firm also confirmed its finance chief plans to step down.

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