Exclusive: Speedy Hire’s CEO on expanding into “untapped” consumer markets with B&Q deal November 17, 2021 Speedy Hire has recovered rapidly from the pandemic and is enjoying a healthy 28.2 per cent boost in revenues, lifting expectations for its full-year results. Its adjusted operating profit has grown to £16.2m, £9.9m higher than the first six months of Speedy Hire’s previous year. The FTSE-All Share listed tools and equipment rental specialist is [...]
Lockdown momentum: B&Q owner Kingfisher sales hit $7bn in six months September 21, 2021 It appears home DIY has kept up its momentum post-lockdown, as B&Q owner Kingfisher’s sales have grown by more than £1bn in the past six months in comparison with last year. Kingfisher, which also owns Screwfix, performed well in 2020 despite the impacts of the pandemic, due to homebound consumers getting stuck into home improvements. [...]
Lockdown DIY: B&Q owner Kingfisher nails sturdy sales May 20, 2021 Kingfisher, which owns B&Q and Screwfix, has reported sturdy sales of £3.4bn this morning as lockdown measures pushed people to get creative with DIY and home renovations. Total sales soared 61.9 per cent in the group’s first-quarter results to 30 April today, which reflected the DIY fever that caught many during the last lockdown. Shares [...]
Tool hire services Speedy sheds half of debt ahead of B&Q trial May 25, 2021 Equipment and tool hire services Speedy reported strong net debt levels this morning, as the company revealed it shed £46.1m in debt over the pandemic and saw its dividends double. Despite revenue falling 10.6 per cent to £363.6m, in the year ended 31 March 2021, Speedy enjoyed a sturdy start to 2021’s financial year with [...]
B&Q owner Kingfisher signs £550m credit deal linked to sustainable targets June 2, 2021 Kingfisher has signed a £550m three-year credit deal that will see it benefit from a lower interest rate on the loan if it delivers specific targets to help tackle climate change. Kingfisher, which also owns Screwfix, has updated its climate change targets to reduce emissions by 2026 in a way that will not contribute to [...]
B&Q owner Kingfisher toasts click & collect success as sales surge March 22, 2021 Kingfisher, the owner of B&Q and Screwfix, this morning announced that sales and profit surged last year, boosted by its click and collect offer, as consumers began DIY projects during lockdown. Sales were up 7.2 per cent to £12.3bn and profit after tax was £592m, up from £8m in the previous year. Adjusted post-tax profit [...]
Kingfisher shares jump on plans to launch B&Q stores in Saudi Arabia March 9, 2021 Shares in Kingfisher, the owner of B&Q, jumped this morning after it announced plans to expand the DIY chain into the Middle East. Kingfisher said this morning that it has signed a franchise agreement with the Al-Futtaim Group, with the first Middle East stores to launch in Saudi Arabia. It marks a progression in the [...]
Carpetright drafts in advisers as it mulls cost cutting options April 5, 2024 Carpetright has reportedly drafted in advisers to explore cost-saving measures for the business as it struggles amid a slowdown in demand.
Homebase could be on the market again after £1 sale February 27, 2024 Homebase could reportedly be put up for sale again after it was sold for £1 to Hilco Capital back in 2018. A number of parties have reportedly held talks with the restructuring giant about snapping up the garden chain including The Range and B&M Bargains. It was reported by The Times that there was speculation [...]
Everest: Jon Moulton’s double-glazing supplier crashes into administration leaving hundreds of jobs at risk April 26, 2024 Everest, one Britain’s biggest double-glazing suppliers, has fallen into administration, leaving 350 jobs at risk.