DIY SOS
Pressure is piling on the boss of DIY chain B&Q’s owner after it revealed a 30% slump in profits.
Veronique Laury insisted a five-year turnaround plan was on track and is halfway through.
But Kingfisher has suffered numerous setbacks, especially in its French stores.
Kingfisher shares fell to a six-year low yesterday as it said profits tumbled to £281million for the six months to July 31.
Earnings dropped by nearly a third in France.
B&Q sales fell 2.5% but Screwfix takings rose 4.5%.
Laury insisted the group was making “good progress”.
But Russ Mould of City firm AJ Bell said: “Poor financial results are happening too often with this business and it seems odd that chief executive Veronique Laury has managed to hold on to her job.”