- Rise in DIY prompts acceleration in sales
- Dividends reinstated with improved target for earnings coverage
A surge in home improvement activity and limited disruption to store openings during the pandemic has accelerated the turnaround in Kingfisher’s (KGF) core businesses. Like-for-like sales rose 7.1 per cent at constant currencies, led by the UK and Ireland, as all regions speedily reversed the contraction suffered during the first quarter.