The Latest Breaking News from Kingfisher

Rolling coverage of the latest economic and financial news, as Brent crude hits 10-month high and CBI puts annual meeting on hold amid financial woes

Excise officials seize 74,678 boxes of Kingfisher beer from Mysuru plant after finding it "unfit for human consumption". An FIR has been registered against the manufacturers for violating guidelines. Value of seized beer estimated to be around ₹25 crore. No complaint received, sediments found after few days.

Kingfisher said that trading in the first quarter remained stable but blamed wet weather for lower sales of items like garden furniture

But the retailer doesn’t seem to be suffering from an inflation-induced pullback on spend

The average Brit currently uses a whopping 144 litres of water a DAY - enough to fill more than four large wheelie bins each week

The average Brit could fill four large wheelie bins a week with the amount of water they use - but predict they use less than half of their actual amount

Research has suggested that huge swathes of the country could face water scarcity in just a handful of years

Climate change is bringing hotter, drier summers and less predictable rain patterns – while water usage is increasing

Water scarcity is a growing issue facing the UK and parts of the country have been in drought since last summer, but looking forward more and more parts of England could face severe water stress