Financial Times FT.com

Kingfisher provides signs of hope for investors

By Alistair Gray and Lucy Killgren

Published: July 24 2008 08:23 | Last updated: July 24 2008 20:02

Kingfisher gave investors in the struggling home improvement chain – and the battered retail sector – a glimmer of hope on Thursday when its new management team delivered a rare rise in underlying sales at its British B&Q chain.

The UK’s biggest DIY chain said Britons were once again turning to home improvement in the midst of the credit crunch, demonstrated by a 30 per cent rise in sales of DIY manuals and DVDs as they seek to economise.

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