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.