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B&M UK's first-quarter underlying sales up 3.9%, on track for year

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LONDON (Reuters) – Fast-growing British discounter B&M European Value Retail <BMEB.L> said underlying sales in its core UK B&M business rose 3.9% in its first quarter, keeping the group on track with its plans for the 2019-20 year as a whole.

B&M, a general goods retailer which sells everything from furniture to electricals to food, said on Wednesday its total revenue rose 21.4% to 967.7 million pounds in the March 31 to June 29 period.

“We look forward to the remainder of the year with confidence,” it said.

(Reporting by James Davey, Editing by Paul Sandle)

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