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The Latest Breaking News from Kingfisher

DIY retailer Wickes avoids post-pandemic slowdown

Business has benefitting from sustained DIY interest and bursting trade order books

Evening Standard

The Glazers' reasons for wanting to buy East Bengal and what it could mean for Man Utd

The Glazer family, who have owned Manchester United since 2005, are in talks with cricket legend Sourav Ganguly to take over Indian Super League side East Bengal

Daily Mirror

THG boss should count the blessings of life as a listed company

Matt Moulding may be tempted by a private bid for the online retailer, but the grass is not always greener elsewhere

The Guardian - UK

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read the most diverse news in one place.

High Street fears mount as B&Q reveals DIY sales slump

FRESH fears for the high street emerged today when Kingfisher reported a slump in sales that could indicate the lockdown DIY boom is over.

Evening Standard

B&Q owner Kingfisher ‘managing inflation’ as DIY demand continues

Retailer launches £300m share buyback as it retains most of sales increase during Covid pandemic

The Guardian - UK

B&Q and Screwfix product availability 'close to normal levels' as supply issues ease

Owner Kingfisher has reported an improvement in its sales decline and said it was driven by "resilient demand"

Birmingham Post

Screwfix to open 80 new shops with 800 jobs after DIY lockdown boom drives sales

Screwfix saw its sales boosted by the lockdown DIY boom, as Brits turned to home renovations at a time when pubs, restaurants and shops were closed. Hardware stores were allowed to stay open

Daily Mirror

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Screwfix to open 80 stores with 800 new jobs

The retailer’s sales were boosted during the pandemic as locked down Britons hired tradespeople to spruce up their properties and gardens.

The Independent UK

Spruce Up Your Portfolio with These 5 Home Improvement Stocks

The home improvement industry has been one of the biggest beneficiaries of the COVID-19 pandemic. Home renovation retailers gained significantly as prolonged indoor stays encouraged people to consider restyling and remodeling their homes. Furthermore, a growing inclination to transform homes and boost living/working comfort continues to propel the industry’s growth.…

StockNews.com

Former Kingfisher boss Sir Ian Cheshire appointed chairman of Channel 4

It comes as the broadcaster is facing the prospect of privatisation.

The Independent UK

Ofgem may be busy, but it must address Martin Lewis’s points

If the consumer champion is right, it seems many of the energy companies are trying it on

The Guardian - UK

B&Q-owner Kingfisher becomes third UK retailer to smash £1bn profit hurdle

The DIY boom helps profits surge at the B&Q and Screwfix owner as it pledges to keep battling rivals on price amid the cost-of-living squeeze.

Evening Standard

B&Q and Screwfix staff to get pay rise as DIY boom continues

Demand for energy-saving kit and the shift to working from home are driving sales, says Kingfisher boss

The Guardian - UK

Screwfix owner removes Russian products as profits soar to £1bn

Kingfisher said it was “shocked and deeply concerned” at the invasion of Ukraine

Birmingham Post

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news in one place.

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The Independent UK

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

Kingfisher said it has removed directly sourced products from Russia and Belarus over the invasion in Ukraine and is working with suppliers.

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