Improving margins mean full-year pre-tax profit is predicted at between £510 million to £550 million, up from a previous forecast of £490 million to £550 million.

B&Q owner Kingfisher raised the lower end of its fiscal 2025 profit guidance above market expectations, after the B&Q owner posted higher earnings for the first half, despite weaker sales.

B&Q and Brico Depot owner Kingfisher lifted the bottom end of its annual profit outlook, saying that while demand for 'big-ticket' home improvements like kitchens and bathrooms remained weak, seasonal sales trends have improved since early July.

Kingfisher shares soared on Tuesday after it raised the bottom end of its annual profit guidance, noting improved seasonal sales trends despite continued weak 'big-ticket' demand.