B&M European Value Retail SA (LSE:BME) reported a 38% fall in annual profits as weak trading in the UK was exacerbated by "execution issues", though it said its turnaround programme is beginning to show signs of progress. The FTSE 250-listed discount retailer posted adjusted profit before tax of £284 million for the 2026 financial year, down from £455 million a year earlier, whjile adjusted EBITDA fell 26% to £459 million.