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The Latest Breaking News from Kingfisher

Stocks dip amid Trump’s Fed move and French worry

The FTSE 100 index closed down 55.60 points, 0.6%, at 9,265.80.

Evening Standard

UK retail shares fall amid fears of squeeze in consumer spending

Parent groups of Primark and B&Q hit as analysts say jobs and inflation concerns could affect sales

The Guardian - UK

Decoding Mallya’s 259-minute spin job: From king of good times to podcast prince of excuses

When Raj Shamani – a role model for much of India’s Gen Z – sat across Vijay Mallya for a podcast lasting 258 minutes and 47 seconds – what we ended up with wasn’t just highly viral content but also a carefully constructed image management exercise vaguely masquerading as some…

Newslaundry

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FTSE drops back amid retail weakness and higher bond yields

London’s top index finished down by 0.59%, or 52.04 points, to close at 8,726.01.

Evening Standard

Warm weather boosts B&Q’s DIY and garden sales

B&Q owner Kingfisher said UK and Ireland like-for-like sales jumped 5.9% higher in the three months to April 30.

Evening Standard

FTSE 100 Live 28 May: Thames Water hit by record fine, weather boosts B&Q sales

In-demand Rolls-Royce and BAE Systems today offset a 3% reverse for BQ owner Kingfisher as the FTSE 100 index stayed in sight of record territory.

Evening Standard

Cleaning experts reveal the quick way to clean your BBQ with beer - all you need is a leftover can or bottle

Beer and BBQs go hand in hand anyway...

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London stocks make gains after drop in inflation

The FTSE 100 finished 25.79 points, or 0.3%, higher to end the day at 8,689.59.

Evening Standard

FTSE makes gains after boost from positive Shell shares

The FTSE 100 finished 25.79 points higher to end the day at 8,663.8.

Evening Standard

B&Q owner Kingfisher urges Reeves to rethink tax rises for retailers

Government accused of increasing retailers’ NI contributions and business rates but aiming to cut tax for big tech

The Guardian - UK

Shell boss sees pay jump as group vows to boost investor returns on cost savings

Wael Sawan’s total pay lifted by 9% to £8.6 million in 2024 as he landed a £2.9 million annual bonus and £3.9 million in share awards.

Evening Standard

B&Q owner Kingfisher’s profit slides as ‘big-ticket’ spending remains squeezed

The DIY giant said it was expecting around a £145 million hit this year from higher wages, taxes and inflation.

The Independent UK

Ian Cheshire to step down as chairman of Channel 4 after three years

His term will end on April 10 2025.

Evening Standard

FTSE 100 lifts to month-high amid strong banking stocks

London’s top index finished 29.60 points, or 0.36%, higher to end the day at 8,291.68.

The Independent UK

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The Guardian - UK

B&Q owner says budget uncertainty hit spending and tax rise will cost it £31m

Kingfisher says it faced weak market in October, as Greggs also complains of cost of national insurance increase

Evening Standard

B&Q owner Kingfisher braces for £31m rise in tax bill next year

The DIY giant said consumer spending weakened as a result of uncertainty in the lead up to the autumn Budget statement in the UK.

Evening Standard

B&Q owner Kingfisher warns of £31 million hit from National Insurance changes next year

Blow revealed as CBI boss says NI reforms will hit profits, investment and growth

The Guardian - UK

B&Q owner Kingfisher reports weak demand for kitchens and bathrooms

Shares in FTSE 100-listed company rise after it reports improved full-year profit forecast

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International Business Times

NGO Reports 'Human Rights Disaster' At Uganda Oil Project

A massive oil project in Uganda co-owned by French group TotalEnergies and China's CNOOC is mired in reports of sexual violence, forced evictions and environmental damage, climate activists said Monday.

Evening Standard

Best grill scrapers to keep your BBQ in top condition

For great grates

Evening Standard

Kingfisher swoops for British Land CFO Bhavesh Mistry to replace Bernard Bot as finance chief

Boardroom refresh follows run of profit warnings

Evening Standard

Chair of B&Q owner Kingfisher to step down after string of profit warnings

City grandee Andrew Cosslett to be replaced by former Premier League director Claudia Arney

Newslaundry

Awful and Awesome Ep 347: Crew, The Zone of Interest, The Regime

While discussing Crew:

The Guardian - UK

B&Q owner Kingfisher warns of lower profits as DIY market slows

Company’s shares fall as it says it is to reduce costs, which suggests it could cut staff

The Guardian - UK

Boeing boss Dave Calhoun to step down; EU to investigate Alphabet, Apple and Meta – as it happened

Live, rolling coverage of business, economics and financial markets as Boeing chief executive departs after safety incidents including mid-air door blow-out

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