Kingfisher reports lower UK profits

B&Q owner Kingfisher revealed weaker UK sales figures today as it braced itself for a further softening in consumer demand in the coming months.

The group said UK retail sales of £1.08bn (€1.5bn) were 0.5% lower on a like-for-like basis, cutting profits for the division by almost 12% to £45.3m (€63.4m) as a result.