Kingfisher says election clouds recovery hopes

Posted by 7Star Friday, December 4, 2009

Kingfisher, Europe's biggest home improvement retailer, said uncertainty over the impact on the UK economy of a general election due by June was clouding the outlook for 2010. "As we look to next year, we have to recognise, particularly around the UK, a level of uncertainty," Chief Executive Ian Cheshire told reporters, after the company beat forecasts with a 28 percent rise in third-quarter profit.

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