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The Independent UK
The Independent UK
Business
Alex Daniel

B&M slashes profit forecast amid ‘uncertain’ economy as CEO plans to retire

Alex Russo BM
B&M chief executive Simon Arora is to step down.(B&M/PA) -

B&M has issued a profit warning after trading was hit by an “uncertain economic outlook”, as it also said its chief executive will retire in the coming months.

The London-listed company said profit will only be up to £625 million for the current financial year, down from a previous estimate of up to £650 million.

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