Exclusive: Reform stamp duty to boost energy efficiency, urges Kingfisher November 21, 2022 The Government should reform stamp duty to boost the energy efficiency, argued Kingfisher, the owner of brands such as Screwfix and B&Q.
Public finances in view after Hunt’s £55bn of spending cuts and tax hikes November 20, 2022 Traders will be keen to examine fresh public finances figures out this week to get a sense of the UK’s debt pile that pushed chancellor Jeremy Hunt into £55bn of spending cuts and tax hikes last week. London’s premier FTSE 100 index registered a solid performance last week, adding 0.92 per cent to close at [...]
Stronger than expected US job growth plunges pound against dollar October 7, 2022 The pound slipped 0.3 per cent against the dollar at $1.113 this afternoon after US labour figures suggested stronger than expected jobs growth. US employers added 263,000 jobs in September as the country’s unemployment rate dropped to 3.5 per cent, figures from the Bureau of Labour Statistics show. Economists polled by Reuters had previously expected US [...]
B&Q owner Kingfisher profit nosedives 30 per cent amid economic gloom September 20, 2022 B&Q owner Kingfisher posted slumped profit in half-year results, with bosses citing an “exceptionally strong” comparable period last year. Operating profit was down 29.1 per cent, the DIY retailer highlighted, in results for the six months ended 31 July. Depleted sales came against a “backdrop of exceptionally strong” trading in the first-half of 2021, Thierry [...]
Exclusive: Demand has to be tackled alongside supply, says energy boss September 5, 2022 The Government needs to combine support for households with policies that will cut supply demand, argued Good Energy boss Nigel Pocklington.
Westminster push for North Sea fossil fuels slammed by climate groups September 2, 2022 Climate groups have criticised Westminster's latest attempts to boost oil and gas production in the North Sea.
Poorly insulated households to pay over £700 more on rising energy bills August 31, 2022 Poorly insulated households will see their energy bills rise over £700 more than energy users living in more efficient properties.
Downing tools: Investors pile into bets against B&Q owner as DIY boom slows August 18, 2022 The troubled owner of retailer B&Q has become the most shorted stock on the London Stock Exchange this week as two top investors revealed hefty bets against the firm.
B&Q owner Kingfisher downgraded to ‘sell’ by UBS August 15, 2022 B&Q owner Kingfisher has been downgraded to ‘sell’ by UBS after the bank predicted the international home-improvement company will be hit by a slump in consumer spending and lose market share in the UK. The Swiss lender said that spending was slowing compared with the high demand the sector experienced during the pandemic. The bank [...]
London markets continue to drop but banks jump ahead of BoE rate rise June 14, 2022 London markets continued to slip today after Monday’s bruising session, but losses were tempered by the UK’s largest lenders jumping ahead of another expected rate hike from the Bank of England tomorrow. The capital’s premier FTSE 100 index fell 0.25 per cent to 7,187.82 points, while the domestically-focused, mid-cap FTSE 250 index, which is more [...]