B&M Shares Drop on Second Guidance Cut This Year, CEO Exit
A B&M store in Bury St. Edmunds, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
B&M European Value Retail SA shares fell after cutting its outlook for the second time in two months as economic uncertainty and exchange rate volatility bite.
The retailer also announced the departure of Chief Executive Officer Alex Russo, leaving it to a yet-to-be-named successor to come up with a fix.