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Kingfisher sales dented by weak French market and B&Q in UK

Reuters - UK Focus

LONDON, Aug 17 (Reuters) - Kingfisher (Frankfurt: 812861 - news) , Europe's largest home improvement retailer, reported another fall in quarterly sales on Thursday, hurt by weak French markets, a slowdown at its B&Q business in the UK and continued disruption from its restructuring plan.

The firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other markets, said on Thursday it remained cautious on the outlook for the second half.

Kingfisher said group like-for-like sales fell 1.9 percent in its second quarter to July 31. That compares to a fall of 0.6 percent in the previous quarter..

Like-for-like sales in the UK and Ireland (Other OTC: IRLD - news) fell 1.0 percent and were down 3.8 percent in France. (Reporting by James Davey; editing by Kate Holton)