Kingfisher Tumbles as French Weakness Prompts Profit Warning

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Kingfisher Plc shares tumbled after the home improvement retailer issued its second profit warning in just over two months, hurt by weakening demand in France.

The owner of B&Q in the UK and Castorama in France now expectsBloomberg Terminal adjusted pretax profit this fiscal year of about £560 million ($700 million), down from its previous guidance of around £590 million.

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