B&Q owner holds firm – but others might struggle if a ‘softening’ retail market turns soggy

Kingfisher may be thriving, but its numbers mask a retail landscape that looks increasingly fragile as budget loomsJust what an embattled chancellor needs on the eve of a tax-raising budget: a leading retailer upping its profits forecast and singing about the joys of the UK economy.Unfortunately, only the first bit is true. Kingfisher, owner of B&Q and Screwfix (and similar businesses in France and Poland), raised its profit expectations for its current financial year from £480m-£540m to £540m-£570m. Continue reading...

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