B&M shares rocket following signs of a turnaround

B&M Bargains

Investors had anticipated a fall in like-for-like sales at the UK business over the first half

B&M shares rocketed 20% as investors rushed to buy into the discounter’s burgeoning turnaround. Investors had anticipated a fall in like-for-like sales at the UK business over the first half, but the group beat expectations for profit and revenue growth in Thursdays’ results.

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