B&Q owner Kingfisher sees 15% profit slump with H1 results

Kingfisher, which owns DIY retailers B&Q and Screwfix, has reported a 14.8% drop in H1 pre-tax profits, dragged down by “significant weaknesses” with its French operations.
Underlying pre-tax profit dropped to £375m in the six months to 31 July 2018, compared with £440m the previous year, and total sales remained mostly the same with only a £72m increase to £6.08m.