B&Q owner Kingfisher ‘managing inflation’ as DIY demand continues

Retailer launches 300m share buyback as it retains most of sales increase during Covid pandemic

B&Q owner Kingfisher has said it is managing inflationary pressures amid resilient demand" for DIY despite the cost of living crisis in the UK and other markets.

The retailer, whose other UK brand is the hardware trade supplier Screwfix, said sales had remained at elevated levels seen during the coronavirus pandemic, and that it was confident enough about its outlook to launch a 300m share buyback.