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Evening Standard
Evening Standard
Business
Holly Williams

B&M pledges turnaround as it warns over profits after sliding UK sales

United Kingdom BM
Budget retailer B&M has warned over annual profits (Alamy/PA) -

Budget retailer B&M has warned over annual profits after seeing sliding sales in the UK and soaring costs.

The group said UK like-for-like sales dropped by a worse-than-expected 1.1% in its second quarter, with the group now forecasting half-year underlying earnings will tumble by 28% to around £198 million.

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