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Kingfisher at an impasse

Kingfisher at an impasse

Kingfisher (KGF) may want to reconsider the shape of its French operations. Like-for-like sales fell 4.1 per cent during the third quarter, or 3.5 per cent even after including new store openings and a currency tailwind. Healthy third-quarter figures across its UK and Ireland business – where sales rose 2.5 per cent – were not enough to offset that weakness, with group like-for-like sales declining marginally.

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