UK home improvement firm Kingfisher braces for huge rise in tax bill

NAMPA / DPA

2024-11-25

London (PA Media/dpa) - British home improvement retailer Kingfisher has said it expects to see its tax bill increase by about £31 million ($39 million) next year due to plans unveiled in the government's budget, as it narrowed its profit forecast for the year. Shares in the company, which owns the B&Q chain, were down by more than 10% on Monday morning following the update to investors. The DIY giant said consumer spending weakened as a result o......

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