B&Q hopes for seasonal boost


On Thursday the unyielding will publish its second-quarter trading update and Hargreaves Lansdown analyst Danny Cox said: “The trouble leading in [to trading update] is that the seasonal boost at B&Q does not show up again and a slower housing market drags UK sales down.

“Analysts are in the club some improvements in France, although with like-for-like sales down 5.5 per cent in the principal quarter, it seems unlikely that we’ll see it break back into lump this time.”

Cox added that investors will be hoping that chief director Veronique Laury provides an update on the progress of Kingfisher’s £800million overhaul, which catalogues store closures, overhauling its IT and online operations and reducing its number of suppliers.

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