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.
City grandee and Kingfisher chair Andrew Cosslett to step down after seven years April 15, 2024 The City grandee chairman of the owner of B&Q will not stand for re-election, it was announced on Monday, a move which follows a string of profit warnings at the firm.
Carpetright drafts in advisers as it mulls cost cutting options April 5, 2024 Carpetright has reportedly drafted in advisers to explore cost-saving measures for the business as it struggles amid a slowdown in demand.
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.
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.
Marks and Spencer confirms first female boss Katie Bickerstaffe is to step down March 7, 2024 The first female boss of Marks and Spencer is to step down. Katie Bickerstaffe joined the high street darling just over two years ago, and has helped lead a massive turn around of the business.
Most shorted companies revealed: Petrofac takes top spot February 12, 2024 Seven investment firms held short positions in Petrofac, with Helikon Investments Limited holding the largest position at 3.5 per cent.
Kingfisher shares sink six per cent after B&Q owner’s profit warning November 22, 2023 B&Q owner Kingfisher has once again lowered its profit guidance for the year as its French arm continues to struggle.
Disinterest in trade jobs could see UK miss out on £98bn of growth, B&Q boss warns October 19, 2023 B&Q's owner stressed the importance of training up people in trade roles such as plumbing and electrics to address the shortfall.
FTSE 100 close: Strong results from Hargreaves Lansdown and Ocado tip index into green September 19, 2023 Strong performances from Hargreaves Lansdown and Ocado helped tip the FTSE 100 into the green despite concerns around inflation.