B&Q parent company posts 4% proft increase

B&Q owner Kingfisher today posted a 4% rise in annual profits amid signs that it is benefiting from the upturn in the UK housing market.

Profits of £744m (€891m) for the year to the end of January reflected a strong showing from its Screwfix trade supply division as UK and Ireland sales lifted by 2.7% to £4.3bn (€5.15bn) over the period.