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Kingfisher sees profits slide 30% following pandemic DIY boom

City

Kingfisher warns of inflation pressures as profits slide 30%

B&Q owner Kingfisher has reported a 30% drop in profits as the company battled higher prices for raw materials and energy and sales slowed following the pandemic DIY boom. Shares in the DIY giant fell by more than 5% on Tuesday morning as investors ...

20 Sept 2022 at 11:17

City

House prices could fall as cost of living bites, Nationwide says

Building society Nationwide has warned that house prices might begin to slide later this year as budgets are put under pressure by the rising cost of living. The firm said that while house prices have been increasing at double-digit rates so far ...

20 May 2022 at 10:23

National News

Airline shares take off after Ryanair raises profit guidance

Shares in some of the UK’s biggest airlines rose on Thursday after Ryanair increased its profit forecast for the year. The Irish carrier celebrated a strong Christmas, the first with no hit from Covid-19 in three years, with the number of ...

05 Jan 2023 at 22:33

National News

Airline shares take off after Ryanair raises profit guidance

05 Jan 2023 at 22:33

City

Airline shares take off after Ryanair raises profit guidance

05 Jan 2023 at 11:41

Personal Finance

Stubbornly high inflation ‘could pave way for state pension boost next year’

Stubbornly high inflation could pave the way for another bumper state pension boost next year, if the “triple lock” is maintained, according to a finance expert. September’s inflation figure is used to help calculate the triple ...

26 Jun 2023 at 15:41

Personal Finance

Inflation-hit households ‘typically needed £5,455 extra over past two years’

Households have typically needed to find an extra £5,455 in total over the past two years, just to keep up with surging inflation, according to calculations by an investment platform. Price rises across key areas of household ...

22 May 2023 at 15:32

UK businesses say ‘worst yet to come’ after Chancellor flags spending shortfall

Business groups have said the Chancellor is right to feel “aggrieved” about the former government’s spending decisions, as she issued an “ominous warning” over potential future spending cuts and tax changes. Rachel Reeves ...

30 Jul 2024 at 09:27

City

Aberdeen Group scraps Abrdn rebrand to ‘remove distractions’

One of Britain’s biggest and oldest finance firms has renamed itself Aberdeen Group after a short-lived – and widely mocked – rebrand to Abrdn. The 200-year-old fund management giant was previously known as Standard Life ...

04 Mar 2025 at 10:44

Some investors seeing buying opportunities in market volatility, says platform

An investment platform recorded its highest-ever trading volumes on Monday this week, in signs that some investors are seeing market dips as a buying opportunity. Interactive investor reported seeing a flurry of ...

08 Apr 2025 at 16:14

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