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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

B&Q owner posts ‘resilient’ trading as supply issues ease

B&Q’s parent company Kingfisher has reported “resilient” trading as product availability improved following recent supply pressures. The London-listed group, which also owns the Screwfix brand, said sales were in line with expectations after they ...

23 May 2022 at 08:54

City

B&Q owner Kingfisher set for resilient sales after Covid DIY boom

B&Q owner Kingfisher is expected to attempt to reassure investors that the pandemic-fuelled DIY boom is staying strong despite waning consumer confidence as it reports its latest financial results. The group, which also owns Screwfix, performed ...

18 Mar 2022 at 13:55

City

B&Q owner removes Russian products as it reveals profits topped £1bn

B&Q owner Kingfisher has revealed profits soared above £1 billion last year as the DIY boom seen throughout the Covid-19 pandemic continued. Bosses said the extra cash would be handed out to shareholders through dividends and buying up stock ...

22 Mar 2022 at 12:55

City

B&Q owner removes Russian products and reveals profits topped £1bn

22 Mar 2022 at 08:55

City

B&Q owner reports higher UK sales but kitchen and bathroom spending drags

B&Q and Screwfix owner Kingfisher has said UK sales edged up in recent months, but cautioned over weaker spending on so-called big ticket items and the knock-on impact of slower housing demand. The DIY giant reported a 2.7% rise in ...

21 May 2024 at 08:12

City

Screwfix to open 80 stores with 800 new jobs

Home improvement business Screwfix is to create 800 retail jobs by January as part of plans to open 80 new shops across the UK and Ireland. The retailer’s sales were boosted during the pandemic as locked-down Britons hired ...

16 May 2022 at 01:55

England could face severe water stress in future, analysis shows

Seven English regions could face severe water stress by 2030 – spreading to almost the entire south and midlands by 2040, new analysis has shown. Using data from water companies and the Environment Agency, home ...

11 May 2023 at 00:01

City

Kingfisher sees profits slump despite customers spending £1.4bn to save energy

Kingfisher said it expects its falling profits to drop even further this year, as it revealed that more than £1 in every £10 it made last year came from energy and water-saving products. The company behind ...

21 Mar 2023 at 08:08

City

Home improvement firms set to post lower profits after costs soar

B&Q owner Kingfisher and rival Wickes are set to reveal falls in profits over the past year as the home improvement firms were knocked back by surging costs. Kingfisher, which runs B&Q and Screwfix, has ...

17 Mar 2023 at 15:46

City

Wickes reveals profits fall amid fading DIY demand

Retailer Wickes has become the latest DIY firm to reveal slumping profits and trading under pressure as the pandemic boom in home improvement fades. The group, which also trades as a builders’ merchant,...

23 Mar 2023 at 09:17

Near-extinct and ‘extremely precious’ kingfishers to be released into the wild

Four “extremely precious” kingfisher hatchlings from a species that is nearing extinction are to be released into the wild next year with the help of a British zookeeper. Bird keeper Claire McSweeney ...

24 Jul 2023 at 15:51

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