Kingfisher issues profit warning as French market struggles

Castorama store

DIY giant Kingfisher has lowered its full-year profit guidance, saying that market trends in France have been “weaker than expected”.

In a trading update for the third quarter, Kingfisher said its full-year adjusted profit before tax guidance had been lowered from £590m to £560m to reflect “market weakness in France and continued resilience in the UK”.

 

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