The B&Q owner isn’t doing badly, but should you wait for a better entry point? Phil Oakley investigates.
Kingfisher is best known in Britain for its B&Q chain of do-it-yourself (DIY) stores and its Screwfix business. It is Europe’s biggest DIY retailer and the third largest in the world.
A big expansion push over the last decade or so has seen it buy up French company Castorama in 2002, as well as entering emerging markets such as Turkey, China and Poland. Kingfisher’s profits fell sharply when the financial crisis hit in 2008.
Burdened with debts of £2 [...]
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