B&Q Success Boosts Kingfisher Stock ; Rbs Retail

Summary


DIY chain B&Q posted a better-than-expected sales performance causing shares in retail business Kingfisher to jump by more than 10 per cent.

The FTSE 100 Index group reported B&Q's UK arm was trading "solidly" with like-forlike sales up 0.2 per cent in the 10 weeks to July 12, comparing favourably with the 8.1 per cent first quarter decline reported in early June.

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Extract


B&Q Success Boosts Kingfisher Stock ; Rbs Retail

However, both figures were distorted by the weather, with the first-quarter figures dented by a wet Spring and second-quarte...

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