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Healthcare

Retailer Kingfisher to return COVID-19 business rates relief

Dec 7 (Reuters) - Kingfisher Plc said on Monday it would return the business rates relief it received from the United Kingdom and Republic of Ireland governments during the COVID-19 pandemic, joining a list of other British retailers.

The home improvement retailer said it now expects adjusted profit before tax for full year 2020/21 to include about 85 million pounds ($113.76 million) of non-recurring cost savings net of any one-off COVID-19-related costs, compared with prior forecast of 175 million pounds. ($1 = 0.7472 pounds) (Reporting by Shanima A in Bengaluru; Editing by Rashmi Aich)

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