B&Q owner Kingfisher appoints Carrefour exec as new boss June 27, 2019 B&Q owner Kingfisher today said it has appointed Thierry Garnier as its new chief executive as the home improvement chain looks to turn around its ailing fortunes. Garnier, who has held senior roles at French retail giant Carrefour over the last 20 years, will join the DIY group in the autumn. Read more: B&Q owner [...]
B&Q owner Kingfisher sales tick upwards ahead of CEO’s departure May 15, 2019 B&Q owner Kingfisher saw sales edge higher in its latest quarter thanks to warmer weather and a weaker corresponding period last year. Read more: B&Q owner Kingfisher plans foreign market exit as French sales drag UK and Ireland sales rose 5.4 per cent in the three months to the end of April compared to the same [...]
Kingfisher makeover fails to impress March 29, 2019 The Kingfisher makeover has yet to win over investors, with results from the B&Q owner showing why. There are signs of progress within the Kingfisher (LSE:KGF) transformation plan, but the retail environment remains fiercely competitive and will continue to move on as the company tries to put its own house in order. Unfortunately, any benefits [...]
B&Q owner Kingfisher’s boss to depart as profits slump and stores close March 20, 2019 Kingfisher announced the surprise departure of its chief executive this morning, as a swathe of store closures and a double-digit drop in profits puts mounting pressure on the embattled DIY group. Read more: B&Q owner Kingfisher plans foreign market exit as French sales drag Veronique Laury, who is currently one of six female chief executives in the [...]
B&Q owner Kingfisher plans foreign market exit as France drags down sales November 21, 2018 B&Q owner Kingfisher today said it will exit Russia, Spain and Portugal to focus on its struggling French operations after a drop in like-for-like sales in the third quarter, sending shares down more than two per cent in early trading. Total sales rose 1.2 per cent to £3.04bn in the three months to the end [...]
B&Q owner’s profits slide 30 per cent following ‘weak’ business in France September 19, 2018 Kingfisher, the owner of B&Q, has seen its pre-tax profits plunge in the first half of this year as the company goes through organisational upheaval. The Figures Pre-tax profits fell 30.1% to £281m. The firm is undergoing a major reorganisation, which it says is being made more difficult by tough trade conditions. The firm also [...]
B&Q owner’s profits slide 30 per cent following ‘weak’ business in France September 19, 2018 Kingfisher, the owner of B&Q, has seen its pre-tax profits plunge in the first half of this year as the company goes through organisational upheaval. The Figures Pre-tax profits fell 30.1% to £281m. The firm is undergoing a major reorganisation, which it says is being made more difficult by tough trade conditions. The firm also [...]
DIY SOS: Travis Perkins warns Wickes profits will be lower as consumers spend less on home improvement July 31, 2018 Wickes parent Travis Perkins warned this morning that the home improvement retailer’s profits will be lower than expected due to a weaker consumer backdrop in the UK’s DIY market. Shares dropped more than eight per cent in early trading. The figures The business, which also has several trade-facing units, reported like-for-like revenue growth of 4.2 [...]
FTSE 100 round up: Smurfit Kappa, Kingfisher, Whitbread, BT Group and Mediclinic among biggest risers May 25, 2018 The FTSE 100 closed up 20 points today on 7,737 after a late rally. That marked a slight fall on last week when the market closed on 7,778 points. The biggest risers were paper giant Smurfit Kappa, Telecoms company BT, B&Q owner Kingfisher, hospitality company Whitbread and hospital group Mediclinic, which all added at least [...]
Former Kingfisher CEO Gerry Murphy to replace Sir John Peace as next Burberry chairman April 13, 2018 Former Kingfisher boss Gerry Murphy will be the next chairman of Burberry. Shares in the FTSE 100 fashion label were up 1.3 per cent just after lunchtime after Burberry confirmed a Sky News report revealing the appointment. Murphy will replace Sir John Peace, who took Burberry onto the stock market as chairman in 2002. He [...]