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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

B&M ousts finance chief as it warns again on profits after £7m accounts error

Shoppers walk by a B&M store in London
The retailer has 1,270 stores, mostly in the UK under the B&M, Heron Foods and B&M Express brands. Photograph: Mina Kim/Reuters

The discount retailer B&M has ousted its finance chief after reporting a £7m accounts blunder that will cut its annual earnings – its second profit warning within two weeks.

The company told investors it looking for a successor to Mike Schmidt, who is stepping down as chief financial officer, after the accounting error.

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