B&Q: Kingfisher CEO’s pay slashed by £4m as profit cut Retail The boss of Kingfisher, the group behind the likes of B&Q and Screwfix, saw his pay slashed by almost £4m as its sales and profit took a significant hit during its latest financial year. Thierry Garnier took home almost £2.3m for the 12 months 31 January, 2025, down from the nearly £6m he received in [...]
Kingfisher: French trading dampens performance of B&Q owner Retail Kingfisher, the parent company of B&Q and Screwfix, has reported a drop in sales driven by the weak consumer market in France. Sales fell 1.5 per cent to £12.78bn in the year ended January 31, Kingfisher told markets this morning. This drop was overwhelmingly driven by a 6.2 per cent drop in sales in France, [...]
Investors shed Kingfisher stocks as trading update a ‘clear disappointment’ Retail After a strong run for much of the year, Kingfisher stocks have plummeted more than 13 per cent this morning as investors reacted to an underwhelming sales update. The top end of its previously-guided profit forecast of between £510m and £550m has been shaved to between £510m and £540n. While the estimate “does not represent [...]
B&Q and Screwfix owner Kingfisher: Weak trading in France and £45m tax hit cause shares to plummet November 25, 2024 Shares in Kingfisher, the parent company of B&Q and Screwfix, have dropped nearly 13 per cent after it tightened profit guidance due to weak trading in France and a higher tax bill in both France and the UK. Kingfisher expects the impact of changes to employers’ national insurance contributions (NICs) announced in the UK’s latest [...]
Should a business be like your family? The boss of B&Q thinks so November 5, 2024 A business should be more like a family in order to attract employees with the right moral and cultural judgements, the boss of B&Q has said.
Kingfisher shares soar: B&Q owner sales dip as customers shun ‘big-ticket’ items September 17, 2024 B&Q owner Kingfisher has reported a “resilient” set of results after a series of profit warnings last year, but weaker sales in France continued to weigh on profit. According to its half-year earnings for the six months ended 31 July 2024, sales fell by 1.8 per cent overall, to £6.75bn from £6.9bn, while gross profit [...]
Kingfisher: Former Tesco exec heads for big role at B&Q owner June 17, 2024 A former-Tesco exec is set to join the leadership team at Kingfisher, which owns B&Q and Screwfix, following the resignation of its chief financial officer Bernard Bot.
Kingfisher: Bonuses slashed for top executives at B&Q and Screwfix owner after profit plummets April 16, 2024 The bonuses of the chief executive and chief financial officer of the owner of B&Q have been slashed after Kingfisher's profits fell by almost 40 per cent during its latest financial year.
B&Q owner Kingfisher lowers outlook as struggling French arm drags down profit March 25, 2024 Kingfisher has made a loss during the full year as a slowdown in sales in its French arm continues to impact its bottom line.
B&Q faces backlash over changes to staff breaks December 12, 2023 B&Q is facing backlash from staff following changes made to paid breaks and reduced hours, according to reports.