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The Latest Breaking News from Kingfisher

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

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

Energy inefficient households will pay £750 extra compared to those with good efficiency

October's energy price cap will rise will see an increase in bills for everyone - but this price hike will be £750 a year more for households with low efficiency ratings

Wales Online

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Energy inefficient homes facing £750 higher bill compared to those with good efficiency

October's energy price cap will rise will see an increase in bills for everyone - but this price hike will be £750 a year more for households with low efficiency ratings

Daily Mirror

Low-efficiency homes ‘to cost owners £700 extra in energy bills’

‘The UK’s housing stock is among the least energy-efficient in Europe,’ industry expert says

The Independent UK

Best garden storage boxes for a tidy outdoor space

Ideas to keep your garden tidy and in tip top shape

Evening Standard

DIY retailer Wickes avoids post-pandemic slowdown

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

Evening Standard

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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

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

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

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StockNews.com

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.…

The Independent UK

Former Kingfisher boss Sir Ian Cheshire appointed chairman of Channel 4

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

The Guardian - 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

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.

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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

Birmingham Post

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

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

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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