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RBC Capital downgrades B&Q and Castorama owner Kingfisher

RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to ‘sector perform’ from ‘outperform’.

DIY retailer Kingfisher cuts profit outlook again on weak French market, ET Retail

Kingfisher said group like-for-like sales fell 3.9% in the three months to Oct. 31, its fiscal third quarter, and were down 3.4% in the first three weeks of its fourth quarter. Third quarter like-for-like sales in the UK and Ireland division rose 1.1%, but in France they fell 8.6%.

Kingfisher Shares Slide 6 2% As FTSE Firm Cuts Profit Guidance Again

Sales at the B&Q and Screwfix owner dropped 2.1% to £3.2 billion during quarter three as troubles in its French markets intensified.

DIY retailer Kingfisher launches AI-powered customer assistant, ET Retail

Kingfisher said the virtual assistant, which can operate in multiple languages, is initially launching on the website and app of its Castorama France unit. If it proves successful, it will be rolled out to its other businesses which include B&Q and Screwfix in Britain and Brico Depot in France.

B&Q parent boosted by grow your own plant sales

Kingfisher says sales in first quarter were well ahead of pre-pandemic numbers

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