Kingfisher Divi Down As Diy Sales Fall

Daily MailMarch 28, 2008

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Summary


B& Q owner Kingfisher slashed its final dividend by 50pc yesterday as a tough market for DIY products reduced profits by 12pc last year.

However, new chief executive Ian Cheshire believes the group 'has a bright future', though he admitted the domestic market was challenging.

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Extract


Kingfisher Divi Down As Diy Sales Fall

'Over a three-to-four year period I'm less gloomy,' he added.

B& Q is now catering for the 'do it ...

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