We’ll cut Neet support if Healey hikes taxes, warns boss of B&Q owner Kingfisher Retail The boss of B&Q-owner Kingfisher has warned John Healey that the FTSE 100 firm may have to cut its support for unemployed young people if the Chancellor hikes taxes. Thierry Garnier, the retail group’s chief executive, wrote in City AM that the Chancellor must exempt shops from the highest bracket of business rates at the [...]
Kingfisher shares rocket after B&Q owner lifts profit target Retail Home improvement group Kingfisher saw its shares rocket after the group lifted its profit target, despite summer heatwaves pushing down sales at B&Q. The FTSE 100 retailer, which also owns Screwfix, said it now expects to make a pre-tax profit of between £595m and £635m, having previously guided between £565m and £625m. Last year, the [...]
B&Q owner eyes warm weather boost as sales fall Retail B&Q’s FTSE 100 owner will be hoping for a heatwave boost after it blamed poor weather for falling sales at the start of the year. Kingfisher, which also owns Screwfix and home improvement retailers in France and Poland, saw total like-for-like sales dip by 0.9 per cent to £3.3bn in the first quarter of the [...]
Shares in B&Q owner Kingfisher unexpectedly spike after sales boost September 23, 2025 Kingfisher, the parent company of B&Q and Screwfix, saw its share price rise more than 17 per cent on Tuesday morning after posting a better-than-expected sales update. The FTSE 100 firm told markets that sales improved 0.9 per cent in the six months ended 31 July, 2025, to £6.8bn, driven by a 4.4 per cent [...]
DIY demand boosts sales at B&Q and Screwfix owner May 28, 2025 Strong UK sales have driven a positive start to the year for B&Q owner Kingfisher, despite a slowdown in sales in France and Poland. The home improvement company, which operates 1,900 stores across seven European countries, said total sales rose 1.8 per cent to £3.31bn in the three months ended April 30. Shares dropped two [...]
Historically sunny spring to set UK retailers up for a bumper quarter May 10, 2025 The UK’s sunniest spring on record has encouraged Brits into brick and mortar stores in a much-needed boost for Britain’s struggling retailers. Britain experienced its sunniest April ever in 2025, while Wales, Scotland, and Northern Ireland each recorded their second sunniest. The effect has been to loosen wallets and “encourage shoppers to head out to [...]