date:Jun 13, 2014
Shares in Britain's BM European Value Retail, chaired by former Tesco chief executive Terry Leahy, rose nearly 8 percent on their market debut, showing that investors remain enthusiastic about the discount sector of the retail industry.
Fast-growing BM has around 370 stores selling products ranging from bedding to barbecues. Leahy, who left Britain's biggest supermarket chain in 2011, joined BM in 2012.
BM sold about 40 percent of its shares to institutions at a price of 270p each. They traded