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flag B&M cuts profit forecast to £625M due to economic uncertainty, as CEO Alex Russo retires.

flag Budget supermarket B&M has lowered its profit forecast for the current financial year to up to £625 million from a previous estimate of up to £650 million, due to an uncertain economic outlook and potential exchange rate volatility. flag The company's CEO, Alex Russo, will retire on April 30 after two-and-a-half years leading the company, and a new CEO search is underway.

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