date:Jun 13, 2014
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A costly exit from the U.S. and loss of market share has left Tesco trading on a multiple of 12.4 times its prospective earnings. The stock has fallen some 27 percent since Leahy quit.
BM's Chief Executive Simon Arora aims to expand the chain at a rate of around 40 new shops a year. He has said two-thirds of the British population do not have easy access to BM, and there is room for around 850 stores across the UK.
We are delighted that investors have demonstrated their support for BM