BQ owner to update outlook for DIY sector amid income squeeze
B&Q owner Kingfisher is set to reveal how the DIY sector is faring as consumers face squeezed household budgets and the housing market slows. The FTSE 100-listed firm will give shareholders an update on its trading over the latest quarter on Thursday, and investors will be looking eagle-eyed at the company’s outlook for home improvement retailers. Kingfisher, which also owns tools retailer Screwfix, reported sliding profits in its half-year results […]