Kingfisher wins French tax case

Kingfisher, the home improvement retailer, said yesterday a French tax case had been settled in its favour after a decade long dispute resulting in an exceptional credit of £145m to 2013-14 earnings. The firm said on France’s ultimate court, the Conseil d’Etat, had considered the case, which dates back to 2003, and found in its favour. Kingfisher said the decision did not impact its cash position as a full refund of the tax had been made in 2009 following a previous successful hearing.