B&Q owner Kingfisher expects £175m profit boost due to Covid-19 support and cost savings November 19, 2020 B&Q owner Kingfisher expects to report an extra £175m profit for the year due to temporary cost savings, including government Covid-19 support measures. The London-listed DIY firm said today that sales soared 17.6 per cent to £3.5bn in the third quarter due to a surge in people beginning home improvement projects during the pandemic. Kingfisher [...]
B&Q owner Kingfisher forecasts higher profits as demand continues July 22, 2020 DIY retailer Kingfisher has forecast higher interim pre-tax profits as strong demand continued as lockdown restrictions started to ease. The figures Kingfisher, which owns B&Q, said like-for-like sales in the second quarter jumped 21.6 per cent, while year to date sales were down 3.7 per cent. The group, which also owns Screwfix, said based on [...]
First Kingfisher now Wickes: DIY drop off dents profit for home improvement – but it’s not all bad news March 23, 2023 Wickes has seen a drop in profits for the year as consumers’ love for home improvements took a dent from rising costs, despite the company reporting ‘record’ sales. The DIY retailer posted pre-tax profits of £75.4m down from a “record” £85.0m in 2021 when Brits were engulfed in a number of circuit breaker lockdowns and [...]
CBI exodus: Which firms have quit or suspended their relationship with the lobby group? April 21, 2023 A slew of top firms have quit or suspended engagement with the CBI today after the lobby group was rocked by new allegations of sexual abuse.
Shakespeare: B&Q rollercoaster points to Covid confusion May 13, 2020 Our chart today looks like a rollercoaster and that’s what it must feel like for high street retailers negotiating government advice and public opinion. After initial confusion as to which businesses were “essential” following Boris Johnson’s initial COVID-19 lockdown announcement, Government clarified that hardware stores could remain open. But B&Q reacted to criticism from employees [...]
Topps Tiles share price soars as retailer shrugs off slowdown in DIY demand April 5, 2023 Topps Tiles share price closed up nearly seven per cent today after the retailer posted bumper revenues for the first half of the year. The Leicester-headquartered business reported a 9.5 per cent jump in revenues to £130.5m in the 26-week period ending April 1, with some £9m of the revenue growth related to its acquisition [...]
Week ahead: Kingfisher, Pennon, Fevertree and Ocado March 24, 2024 In a quiet week for economic announcements, London markets are expecting updates from Kingfisher, Pennon Group, Fevertree, Ocado and Carnival.
FTSE 100 live: London index steady as China growth target disappoints investors March 6, 2023 The FTSE 100 has barely moved this morning, after China disappointed investors with modest growth targets for the year.
B&Q-owner Kingfisher bounces back after initial lockdown hit June 17, 2020 B&Q-owner Kingfisher has reported more than one-fifth rise in second quarter profit, as its stores in the UK and Europe emerged from coronavirus lockdowns. The home improvement group said on Wednesday that underlying sales grew 21.8 per cent year-on-year in the three months to June 13, as customers took on more DIY projects than before [...]
Meet the brains behind the fast-growing ‘builders’ radio station taking on the big boys March 11, 2024 Fix Radio has more than 450,000 average weekly listeners and is forecasting revenue of over £5m in 2024, up from £2m in 2022.