The home-improvement retailer continues to gain market share, with a strong presence in Poland and rollout in France, Scholar notes. "Kingfisher continues to focus on competitive pricing to offset pressures on the consumer from the cost-of-living crisis with a focus on its cheaper own-brand products", Scholar adds. The legal and professional services group's 1H revenue and adjusted pretax profit represents 47.6% and 39.0% of Shore's forecast for FY 2023, respectively, the analyst says. "Revenue appears to be in line with our numbers, but adjusted pretax profit is slightly below which indicates the group is struggling to contain its costs effectively," Murray adds. (michael.susin@wsj.com)Contact: London NewsPlus; paul.larkins@wsj.com(END) Dow Jones NewswiresNovember 24, 2022 07:08 ET (12:08 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal November 24, 2022 12:19 UTC