Kingfisher's sales jump
Published Date:
25 July 2008
A better-than-expected sales performance at DIY chain B&Q caused shares in retail business Kingfisher to jump by more than 10 per cent yesterday.
The FTSE 100 Index group said B&Q's UK arm was trading "solidly" after like-for-like sales rose 0.2 per cent in the 10 weeks to July 12, compared with the 8.1 per cent first quarter decline reported in early June.
Kingfisher said sales of B&Q's seasonal ranges were up by a fifth as figures benefited from comparison with last year's poor summer. It described the UK market as tough but said total sales were up by 5.1 per cent overall after opening 13 trade counters at its Screwfix building supplies business. The period also saw margin and cost improvement, it added.
The full article contains 136 words and appears in n/a newspaper.
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Last Updated:
25 July 2008 8:38 AM
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Source:
n/a
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Location:
Yorkshire
