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The Latest Breaking News from Thierry Garnier

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

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 reports weak demand for kitchens and bathrooms

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

The Guardian - UK

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

Boardroom refresh follows run of profit warnings

Evening Standard

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

The Guardian - UK

B&Q owner issues another profit warning after weak sales in France

UK business lifted by ‘improve not move’ trend and interior design videos on TikTok

The Guardian - UK

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B&Q owner cashes in as Britons improve homes rather than move

Kingfisher says people are staying put as mortgage interest rates and household bills soar

The Guardian - UK

Kingfisher shares hammered after B&Q owner warns on profits

CEO Thierry Garnier keeping watch on the Bank of England after high interest rates hit Polish market

Evening Standard

Screwfix and B&Q owner Kingfisher reports 'resilient' core performance in latest results

Kingfisher said that trading in the first quarter remained stable but blamed wet weather for lower sales of items like garden furniture

Birmingham Post

Bad weather hits sales at B&Q owner Kingfisher

But the retailer doesn’t seem to be suffering from an inflation-induced pullback on spend

Evening Standard

Kingfisher eyes London high streets for roll-out of smaller B&Q Local DIY stores

CEO Thierry Garnier tells The Standard of ‘worldwide trend’ for smaller formats

Evening Standard

B&Q could open at least 50 more smaller UK stores

DIY chain backs B&Q Local format as it reports 40% slide in pre-tax profits to £611m

The Guardian - UK

Over-65s being hit harder by energy prices due to energy inefficient homes

A recent report has revealed that when compared with their younger counterparts those over-65 were more likely to live in inefficient properties - adding to the rising cost of their bills

The Independent UK

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Wales Online

Over-65s are suffering more with energy prices - due to their inefficient homes

Over half of over 65s are living in properties with a EPC rating of 'D' or below, resulting in sky-rocketed energy bills

The Guardian - UK

Sales boost for B&Q and Screwfix owner amid rush for energy-saving products

Kingfisher says sales of loft insulation roll more than double while smart thermostats rose by nearly a third

Birmingham Post

B&Q owner boosted by sales of energy saving products

Kingfisher said the DIY market also continued to do well as the trend for working from home continued

The Guardian - UK

B&Q owner Kingfisher’s profits fall 30% amid cost of living crisis

Chief executive calls on government to give more support to people on lower incomes in mini-budget

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news in one place.

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The Guardian - UK

City braces for sharp hike in UK interest rates; Roubini predicts ‘long, ugly’ recession – as it happened

Money markets suggest the Bank of England could raise rates from 1.75% to 2.5% this week, and 3.75% by end of 2022, as policymakers try to get to grips with soaring inflation

The Guardian - UK

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

Evening Standard

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.

The Guardian - UK

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

Evening Standard

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.

The Guardian - UK

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

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