Retailer’s share price hits record high on profit growth and accelerated store opening plan
B&M's share price has continued setting new records, after a positive update on its performance saw another 4% rise.
The retailer has seen its share price double since the early April, but is also trading 35% higher than in February, before Covid-19 impacted the markets.
The group joined the FTSE earlier this month and now has a market value of more than £5bn, with its recent rise placing it above Morrisons and Sainsbury's.
B&M revealed its revenues in the first half of the year had increased 25% and its adjusted EBI... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
