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Discount retailer B&M's shares rise in London debut
date:Jun 13, 2014
at 291 pence at 1205 GMT.

That values the firm at 2.9 billion pounds ($4.87 billion), 2 billion pounds above its main discount rival Poundland whose shares were listed in March. It also puts the company within striking distance of the FTSE 100 index, with the smallest constituents valued at 3 billion pounds.

Discount retailers, both in general mechandise and food, are taking sales from Britain's big four supermarkets, including Tesco, which became the undisputed leader of the sector under the

12/23 18:22