Reported about 21 hours ago
B&M European Value Retail SA has become the worst performer in the FTSE 100 Index this year after its shares dropped for four consecutive days, losing 15% of their market value following a disappointing sales report. Analysts have lowered earnings forecasts, indicating that the company's struggles are related to the general economic climate, where discount retailers are failing to capture market share from traditional supermarkets. B&M shares are now 37% down for the year, hitting a two-year low.
Source: YAHOO