Kingfisher profits halved

Kingfisher, the owner of DIY chain B&Q, has revealed that profits have halved amid a sharp downturn in UK spending.

Kingfisher, the owner of DIY chain B&Q, has revealed that profits have halved amid a sharp downturn in UK spending. Pre-tax profits after one-offs sank 64.2% to &£231.8m for the year to January 28, from &£647.7m last year.

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