Wednesday 15 February, 2012

B&Q owner, Kingfisher takes a dip despite reporting fourth quarter sales up by 2.2% and the prediction for a 20% annual profits growth - in line with market expectations. The concern seems to have come as a result of the abolition of the post of international chief executive, and a restructure of the previously successful team. The current FD, Kevin O'Bryne now takes responsibility for the B&Q business - leaving a gap in his place which may account for the nervousness in an otherwise robust organisation.