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 [...]
Wickes gains as Brits go budget in kitchen refurbs Retail Wickes is benefiting from a slowdown in consumer spending as Brits switch to the value home improvement retailer and away from premium rivals, its boss has said. The FTSE 250 group posted a 2.1 per cent jump in revenue to £865m in the six months to June, buoyed by rising sales of big ticket items [...]
B&Q owner eyes warm weather boost as sales fall May 26, 2026 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 [...]
Boss of B&Q owner quits after poaching by Dutch supermarket May 6, 2026 Thierry Garnier, the chief executive of B&Q owner Kingfisher, has said he will step down after being poached by a Dutch-Belgian retail giant. The French businessman has helmed the FTSE 100 firm, which also owns Screwfix and home improvement brands across Europe, for nearly seven years. Garnier will become president and chief executive of Ahold [...]
Kingfisher: B&Q owner sales dragged down by weakness in overseas brands March 24, 2026 B&Q owner Kingfisher saw the success of its UK brands dragged down by struggles overseas, as sales in France and Poland took a dip. The FTSE 100 firm suffered falling sales in its French Castorama (-2.2 per cent) and Brico Depot (-2.3 per cent) brands and in Poland (-1.1 per cent), while sales grew by [...]
Wickes profit doubles as DIY firm bets on solar March 17, 2026 Home improvement retailer Wickes has doubled its profit as the firm positions itself to become a leader in solar panel installation. The firm took revenue of £1.6bn, up six per cent, and pre-tax profit grew from £23m to £49m, in the year to December 2025. Wickes was promoted to the FTSE 250 last year, as [...]
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 [...]
DIY sales support Wickes as big-ticket items still off the table March 20, 2025 Wickes has reported another drop in big-ticket home improvement sales as Brits continue to shy away from large purchases. The company also announced a new share buyback programme of £20m, which will start in April 2025. The retailer reported a one per cent drop in revenue in the year ended December 28, from £1.5bn last [...]