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Evening Standard
Evening Standard
Business
Michael Hunter

Kingfisher shares hammered after B&Q owner warns on profits

Kingfisher Thierry Garnier The Bank of England Screwfix United Kingdom BQ Interest Rates Wilko

Shares in the owner of B&Q and Screwfix slumped today after a profit warning followed a disappointing showing from its Polish and French businesses.

Kingfisher cut its full-year profit forecast to £590 million, down from £634 million. It reported a drop in first-half profit before tax of a third, to £317 million.

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