B&Q owner expects better profits on back of DIY boom during pandemic

B&Q owner Kingfisher expects improved profits in the first half of its financial year due to a boom in demand for DIY products during the pandemic.

B&Q owner Kingfisher has said it expects to make bigger profits this year than previously anticipated on the back of a boom in demand for home improvement products during the pandemic restrictions in the UK and Ireland.

However, the group (which also owns the Screwfix retail chain) warned its prices could rise and product availability could be hampered as some of its suppliers are struggling to keep up with high order levels.