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Evening Standard
Evening Standard
Business
Henry Saker-Clark

B&Q owner lifts targets as sales boosted by weather and Homebase closures

Homebase Kingfisher BQ Rui Vieira Screwfix United Kingdom
B&Q owner Kingfisher has pointed towards stronger profits amid positive sales for B&Q and Screwfix in the UK (Rui Vieira/PA) - (PA Archive)

Home improvement giant Kingfisher has upgraded its profit and cash guidance after it was buoyed by strong UK trading for B&Q and Screwfix.

The retail group said B&Q sales were “strong” over the past six months after they benefited from the closure of Homebase stores – following its rival’s administration – and “favourable weather” conditions.

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