B&Q owner blames weather for falling profits

B&Q owner Kingfisher today said the wettest summer in 100 years cost the group £30m (€37.5m) in profit as demand for gardening and outdoor maintenance plunged.

The FTSE 100 Index company, which also owns tools supplier Screwfix as well as Castorama and Brico Depot in France, said record rainfall in the UK and northern Europe helped prompt a 7% drop in seasonal product sales in the 26 weeks to July 28.