Kingfisher shares soar: B&Q owner sales dip as customers shun ‘big-ticket’ items Retail B&Q owner Kingfisher has reported a “resilient” set of results after a series of profit warnings last year, but weaker sales in France continued to weigh on profit. According to its half-year earnings for the six months ended 31 July 2024, sales fell by 1.8 per cent overall, to £6.75bn from £6.9bn, while gross profit [...]
Kingfisher: Former Tesco exec heads for big role at B&Q owner RETAIL A former-Tesco exec is set to join the leadership team at Kingfisher, which owns B&Q and Screwfix, following the resignation of its chief financial officer Bernard Bot.
Kingfisher: Bonuses slashed for top executives at B&Q and Screwfix owner after profit plummets Retail The bonuses of the chief executive and chief financial officer of the owner of B&Q have been slashed after Kingfisher's profits fell by almost 40 per cent during its latest financial year.
B&Q owner Kingfisher lowers outlook as struggling French arm drags down profit March 25, 2024 Kingfisher has made a loss during the full year as a slowdown in sales in its French arm continues to impact its bottom line.
B&Q faces backlash over changes to staff breaks December 12, 2023 B&Q is facing backlash from staff following changes made to paid breaks and reduced hours, according to reports.
Kingfisher shares sink six per cent after B&Q owner’s profit warning November 22, 2023 B&Q owner Kingfisher has once again lowered its profit guidance for the year as its French arm continues to struggle.
Kingfisher: Profit warning at B&Q owner as economy bites September 19, 2023 Kingfisher: Profit warning at B&Q owner as economy bites
B&Q owner Kingfisher’s profits slump nearly 40 per cent although Covid backlog may yet boost DIY chain’s bottom line March 21, 2023 B&Q owner Kingfisher reported a sales slowdown as the DIY giant felt the hit from Brits scaling back on home improvements. For the year ending 31 January 2023 Kingfisher, which also owns brands such as Screwfix, posted pre-tax profits of £611m, down 39.3 per cent from £1.7bn in the same period last year. As shoppers [...]