B&Q owner issues another profit warning after weak sales in France

Second such announcement in three months from Kingfisher, which cuts forecast from 590m to 560m

The owner of B&Q and Screwfix has issued its second profit warning in three months as sales fell almost 4% in its financial third quarter.

Kingfisher, which also owns Castorama and Brico Depot in France and also operates in Poland, Iberia and Romania, reduced its profit forecast from 590m to 560m for its financial year to the end of January.