B&Q and Screwfix owner Kingfisher relegated from FTSE 100


DIY giant Kingfisher has been booted out of the FTSE 100 following its quarterly review.

The group, which owns B&Q and Screwfix in the UK, has been relegated from the blue-chip list of public companies alongside NMC Health and holiday operator Tui.

The trio has been replaced by Fresnillo, Intermediate Capital Group and Pennon Group.

Kingfisher’s demotion comes amid a challenging period for the business as new boss Thierry Garnier battles to revive its fortunes.

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