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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

B&Q owner lifts profit forecast amid strong demand for kitchens

Kingfisher BQ United Kingdom Thierry Garnier Screwfix
B&Q DIY store
B&Q reported sales growth of 4.4% at established stores in the six months to 31 July. Photograph: John Sibley/Reuters

The owner of B&Q and Screwfix has upgraded its profit forecast after reporting strong demand for new kitchen ranges and garden products amid good summer weather.

The Kingfisher chief executive, Thierry Garnier, talked of “slowly rising consumer confidence” with better mortgage affordability and stabilising property sales. “We have seen a resilient consumer in the UK,” he added.

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