B&M European Value Retail SA - Luxembourg-based variety goods value retailer - Chief Executive Officer Simon Arora will resign his role in 12 months’ time. He also will step down as director, the company adds. He has led the business for over 17 years. ‘A further announcement will be made when appropriate,’ B&M European says. Simon Arora’s brother Bobby Arora will remain group trading director, firm explains.

Current stock price: 517.20 pence, down 6.0% on Friday

12-month change: down 7.5%

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