Thought I'd start my first ever moneyam.com thread:

Talk that Asda or Lowes might be considering a bid for the company.

KD.

Q1 Trading Statement

European home improvement retailer Kingfisher on Wednesday said third quarter total sales rose 1.2% to £3.04bn in constant currency, while like-for-like sales were down 1.3% reflecting continued weak sales in its French Castorama business. The B&Q owner said it expected to grow gross margin after clearance in the UK, Poland and its Brico Dépôt unit France. "However the outlook for Castorama France is more uncertain given difficult trading and the ongoing impact of recent national demonstrations," the company said, adding that it was exiting Russia, Spain & Portugal to focus on markets "where we have, or can reach, a market leading position".