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B&Q owner lifts profit target amid 'uncertainty'
Western Daily Press
|November 26, 2025
B&Q owner Kingfisher has increased its profit target for the year despite the firm pointing to weaker market conditions in the UK.
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Shares in the group, which runs more than 1,800 stores globally, moved higher on Tuesday morning as it reported stronger demand for big-ticket spending.
Kingfisher, which owns Somerset-founded Screwfix, told shareholders that it is on track to deliver a pretax profit of between £540 million and £570 million for the year.
It had previously guided towards a range of between £480 million and £520 million.
The group said the upgrade came despite "softening market conditions" in the UK and Poland over the third quarter.
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