Kingfisher first-half profit falls 1.6pc
KINGFISHER (KGF.L), Europe's biggest home improvements retailer, met forecasts with a 1.6pc fall in first-half profit.
A better second quarter was not enough to fully offset the impact of poor weather in the first quarter.
The firm, which runs the B&Q and Screwfix chains in its home market as well as Castorama and Brico Depot in France, said on Wednesday it made an underlying pre-tax profit of £365m in the six months to August 3.
That was bang in line with analysts' average forecast, according to a company poll, but down from £371m in the same period last year.