UK's Kingfisher to exit Russia, Spain and Portugal

Kingfisher, Europe's second largest home improvement retailer, said on Wednesday it would exit Russia, Spain and Portugal so it can focus on markets where it has, or can reach, a market leading position.

>>Reuters
Published : 21 Nov 2018, 08:07 AM
Updated : 21 Nov 2018, 08:07 AM

The group, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France and elsewhere, also reported a fall in underlying sales in its third quarter.

It said group like-for-like sales fell 1.3 percent in the three months to Oct 31. That compares with a rise of 1.6 percent in the previous quarter.