B&Q profits dip in tough market

Retail business Kingfisher announced a fall in profits at B&Q today as it continued to face a weak home improvement market.

The group said like-for-like sales at the chain fell 1.1% in the 13 weeks to October 28, while profits for the arm slipped to £46.6m (€69m) from £50.3m (€74.5m) a year earlier.