Rainfall dampens growth at Kingfisher

Kingfisher, Europe's largest home improvement retailer, said it was hit by the extraordinary bad weather in the second quarter, though trading in the UK and Ireland was resilient.

Kingfisher, Europe's largest home improvement retailer, said it was hit by the extraordinary bad weather in the second quarter, though trading in the UK and Ireland was resilient.

The B&Q owner said that group reported sales rose 3.7% in the 10 weeks to July 7th, but like-for-like (LFL) sales fell 0.4%. During the 23 weeks to July 7th, revenues were up 1% but down 2.8% LFL.

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