Update on this:
Today I had a new drive shaft with carrier bearing replaced under warranty as the bearing wasn't very happy making the squeaking!
Due the bearing being press fitted to the drive shaft the whole item need to be replaced.
The car also developed a drown from the rear over the last week and turned out not surprisingly to be the nearside rear wheel bearing... meaning the one fitted under the recall has now also failed! (18,000miles!) They replaced this at the same time, so all is now much quieter in my M2 Sport!

Steve