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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/bq-owner-sees-further-sales-slide.jpg"><img class="alignnone size-full" title="Kingfisher's flagship B&#038;Q business saw like-for-like sales drop 5.1% in the third quarter" src="http://londonglossy.com/wp-content/uploads/2010/12/min-bq-owner-sees-further-sales-slide.jpg" alt="Kingfisher's flagship B&#038;Q business saw like-for-like sales drop 5.1% in the third quarter"/></a></p>
<p>B&#038;Q owner Kingfisher said 80% of its profits were generated overseas in the last quarter after a further deterioration in sales at the UK&#8217;s biggest DIY chain.</p>
<p>The group&#8217;s flagship B&#038;Q business, which operates from 330 stores in the UK and Ireland, saw like-for-like sales drop 5.1% in the third quarter to October 30, compared with 3.7% reported at the half-year stage, due to lower footfall and tougher comparisons with a year earlier.</p>
<p>Profits across Kingfisher&#8217;s UK and Ireland division, which also includes building supplies arm Screwfix, were flat at £46 million after the company managed to offset the sales fall by protecting margins through better product sourcing and cost efficiencies.</p>
<p>There was better news for Kingfisher from its Castorama and Brico Depot operation in France, where the company outperformed the wider market to increase like-for-like sales by 1.8% and deliver a third quarter profits rise of 3.1% to £130 million.</p>
<p>Castorama grew like-for-like sales by 4% after benefiting from a store modernisation programme and a &#8216;Do-it-Smart&#8217; marketing campaign aimed at making home improvement projects easier for customers.</p>
<p>Kingfisher&#8217;s international sales, including operations in Spain, Russia, China, Poland and Turkey, were down 1.1% on a like-for-like basis but with profits up 18% to £64 million. Across the group, profits were up 8.2% on a year earlier to £240 million during the quarter.</p>
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