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Kingfisher sees profit collapse by 12%

The weather-vane home improvement sector continued to indicate rough times ahead for the consumer sector, as B&Q owner Kingfisher posted falling profits and slashed its dividend as it sought to conserve cash.

The weather-vane home improvement sector continued to indicate rough times ahead for the consumer sector, as B&Q owner Kingfisher posted falling profits and slashed its dividend as it sought to conserve cash.