B&Q owner Kingfisher revealed that bottom-line profits fell by more than a fifth as it counted the cost of an overhaul, but said its "ambitious" plans were on track.

Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1bn , to step down from the board of United Breweries, India’s largest brewer.

The owner of DIY chain B&Q revealed a fall in half-year profits, but insisted its turnaround was on track and unveiled plans to ramp up expansion of its Screwfix building supplies arm.