LONDON: Kingfisher, Europe’s largest home improvement retailer, is targeting a £500mil (US$715mil) increase in sustainable annual profit in five years time, it said.
In a strategy update the firm, which trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France and other countries, also said it planned a capital return of £600mil over the next three years, expected to be through a share buyback, in addition to annual dividend payments.
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