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Kingfisher to present final results tomorrow

B&Q with garden centre

Veronique Laury, the new boss of B&Q and Screwfix owner Kingfisher, will set out her stall when she presents finals tomorrow – and there’s a lot to be done.

UBS’s Andrew Hughes says: “The areas of focus will be any downsizing plans for B&Q, how to tackle the wider trade market in the UK, any update on the Mr Bricolage acquisition, any further targets for global sourcing, and whether Kingfisher continues to push into new markets with associated start-up costs.”

Mr Hughes forecasts pre-tax profit for the year of £670m, 10 per cent below last year’s figure, and said another fall could be on the cards, with Ms Laury’s vision likely to cost money.

Source : Oscar Williams-Grut - The Independent

30 March 2015

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