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Latest Finance News related to B&Q

B&Q owner Kingfisher won't let its European DIY firms do their own thing | Nils Pratley image
. If you find B&Q’s stores to be labyrinths for the unwary, stay away from the acronym-heavy financial statements of the parent company, Kingfisher. ...
Bunnings beware: the Homebase revolution is failing to shape up image
Source : Guardian [Read Article] Thursday 17th of August 2017 06:45:27 PM
....Resonating well? Does that mean financial targets are being met or not? The Homebase refit will take three years at least, so it’s too soon to write off the Aussies, but a loss of £54m in year one won’t reassure the many vocal sceptics back home. A glance at B&Q won’t raise spirits, either. ...
Rising inflation leads to sales falls in all UK retail sectors apart from food image
....3% month-on-month, accounting for approximately 16% of all retail spending. B&Q and Screwfix owner, Kingfisher, Europe’s largest home improvement retailer, reported on Thursday that second quarter sales had slumped, driven by a 10. ...
B&Q and Homebase sales hammered by bad weather image
Source : Guardian [Read Article] Thursday 17th of August 2017 08:08:30 AM
....Kingfisher, Europe’s largest home improvement retailer, reported a 4. 7% fall in sales at its established B&Q stores in the three months to the end of July. ...
FTSE 100 chiefs earn 160 times the average wage, study reveals image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 11:01:06 PM
.... There are still just 30 female executive directors in the FTSE 100 and 77 of Britain’s top 100 companies have no female executive directors at all. The six female chief executives who were running FTSE 100 firms in 2016 include Alison Brittain, boss of Whitbread which runs coffee chain Costa and budget hotel group Premier Inn, Veronique Laury of B&Q owner Kingfisher, and Alison Cooper, from cigarette giant Imperial Brands. ...
Weak French sales and restructuring costs hit Kingfisher image
Source : BBC [Read Article] Wednesday 24th of May 2017 07:07:30 AM
. Shares in Kingfisher, the owner of B&Q and Screwfix, have slumped after revenues were hit by weak French sales and restructuring costs. ...
Which? names Richer Sounds and Toolstation as UK's best-rated shops image
Source : Guardian [Read Article] Saturday 13th of May 2017 07:01:40 AM
....The two retailers were ranked joint first, ahead of customer service luminaries Apple and department store chain John Lewis, in the poll of 10,000 shoppers by consumer group Which?. While Richer Sounds’ customers raved about customer service and their “trust” in the brand, DIY enthusiasts said Toolstation’s Argos-style stores were cheaper than big shed rivals such as B&Q. ...
Barclays chief apologises to shareholders over whistleblowing incident image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:26:33 PM
....Two votes on the bank’s remuneration report and policy were easily passed, although changes to the long-term incentive plan failed to secure the support of 15% of investors. There was also a protest against the election of Sir Ian Cheshire, former boss of Kingfisher, which owns B&Q. ...
B&Q to stop selling plants grown with bee-harming pesticides image
Source : Guardian [Read Article] Monday 8th of May 2017 11:01:45 PM
. All flowering plants sold by B&Q are to be grown without using pesticides that are harmful to bees, the retailer has announced. ...
Barclays boss faces shareholder revolt over whistleblowing case image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:37:05 PM
....Not only is it unusual for City regulators to investigate the conduct of chief executives of major financial institutions, it is also unusual for major proxy firms to issue advice to abstain against their re-election to the board. Cheshire – who was boss of Kingfisher, owner of B&Q – is also facing a revolt. ...
Next shares leads FTSE 100 higher image
Source : BBC [Read Article] Thursday 23rd of March 2017 09:31:43 AM
....Shares in Kingfisher fell a further 1. 4% as investors continued to react to the Screwfix and B&Q owner's results on Wednesday. ...
The Trump bump for shares is dented – but watch where the oil price goes | Nils Pratley image
.... It would be equally true to say that, in financial terms, a £20m fine will be lost in the wash of raw sewage. “Looking forward, the EU referendum has created uncertainty for the UK economic outlook and we remain cautious on the outlook for France,” says Véronique Laury, the chief executive of Kingfisher, which owns B&Q and Screwfix. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
. Kingfisher, the B&Q and Screwfix owner, has reported sharply higher profits, boosted by resilient sales in the UK and a weaker pound. ...
Train ticket pricing due for overhaul; plus, Nissan owners driven to anger image
Source : Guardian [Read Article] Thursday 2nd of February 2017 03:18:38 PM
....What really happens when Royal Mail fails to deliver?. B&Q installation flooded our home but no one is paying up. ...
B&Q installation flooded our home but no one is paying up image
Source : Guardian [Read Article] Thursday 2nd of February 2017 07:00:23 AM
. We paid £13,381 for a fully fitted kitchen from B&Q. ...
Power tools and sausage sizzles: meet the new Aussie face of Homebase image
Source : Guardian [Read Article] Wednesday 1st of February 2017 05:11:27 PM
.... Dressed in the Bunnings staff uniform of a green apron and red fleece, only the numerous badges, awarded for long service and training, pinned to his bib give away the seniority of the down-to-earth Australian. Bunnings, which is part of the Wesfarmers conglomerate, sees a chance to take on market leader B&Q. ...
Christmas cheer fades for high street as buyers shop online from home image
Source : Guardian [Read Article] Friday 6th of January 2017 12:01:03 AM
....The slowdown could mean store closures as retailers invest more in developing mobile apps and other online shopping tools, and try to reduce high-street space. Marks & Spencer has recently announced plans to close 30 UK stores while B&Q, the electricals retailer Currys/PC World, and the Topshop/Dorothy Perkins group Arcadia, have all scaled back their store estate in recent years. ...
Theresa May's executive pay reforms challenged by thinktank image
Source : Guardian [Read Article] Friday 25th of November 2016 11:03:07 AM
....A report by independent thinktank the Big Innovation Centre urged the prime minister to rethink the detail of plans to reform the UK’s corporate governance regime. The authors – including Bank of England chief economist Andy Haldane and Clare Chapman, remuneration chief of B&Q owner Kingfisher – cast doubt on the wisdom of binding shareholder votes on executive rewards. ...
Black Friday deals: how to make sure you really do have a bargain image
Source : Guardian [Read Article] Thursday 24th of November 2016 02:41:00 PM
.... The tool sits in your browser and notifies you if a product you’re looking at in one store is available for less in another. It doesn’t cover every store or product, but Argos, Game, John Lewis, Asda, B&Q, PC Word, Currys, Marks & Spencer, Boots, Very and others are included, as well as a collection of airlines for tickets. ...
Screwfix sales boost Kingfisher profits image
Source : BBC [Read Article] Tuesday 22nd of November 2016 07:58:11 AM
. Kingfisher, owner of B&Q and Screwfix, has reported growth in sales in the third quarter thanks to strong demand in the UK and Ireland and Poland. ...
How a trip to B&Q to buy paint can wreck your car image
Source : Guardian [Read Article] Saturday 29th of October 2016 06:00:12 AM
. When Kelly and Steve O’Reilly from Fife popped a five-litre can of paint mixed at their local B&Q store into the boot of their new BMW, they had no idea of the destruction it was about to cause. ...
John Lewis appoints Paula Nickolds as first female managing director image
Source : Guardian [Read Article] Tuesday 25th of October 2016 12:20:28 PM
....Heading one of the UK’s biggest and most respected retail brands, Nickolds will be one of only a handful of female bosses in an industry in which more than half of employees are women. Only Véronique Laury, head of B&Q owner Kingfisher, and Katie Bickerstaffe, head of Dixons Carphone’s UK and Irish business, hold comparable roles. ...
Let's play!  image
Source : BBC [Read Article] Monday 17th of October 2016 11:23:56 PM
....But is it more than just a gimmick?. Kingfisher, owner of the B&Q, Brico Depot and Screwfix brands, believes so. ...
B&Q and Screwfix owner Kingfisher sees profits rise image
Source : BBC [Read Article] Tuesday 20th of September 2016 07:07:10 AM
. Sales and profit climbed at B&Q owner Kingfisher in the first half of the year, the company has said. ...

Only electoral humiliation can save the Labour Party now
 image
Source : Telegraph [Read Article] Wednesday 10th of August 2016 05:02:23 PM
....Labour’s working-class voters want lower levels of immigration, yet even under Ed Miliband, the party’s liberal membership erupted in paroxysms of rage over an anaemic pledge promising “controls on immigration” – something taken for granted by the wider electorate. While pragmatic Labour MPs such as Siobhain McDonagh are tapping into a potentially rich source of discontent with campaigns around low-paid work at big employers such as Marks & Spencer and B&Q, party members seem more enthused by the ideological abstraction of nationalisation – irrelevant to the average voter. ...

SNP MSP John Mason still boycotting travel agency over 2014 Scottish independence opposition 
 image
.... He can't fill up his car in a BP or Shell petrol station. He can't buy any DIY products from B&Q. ...
Homebase customers left to sit on their hands as bargain sofas fail to arrive image
....History is littered with too-good-to-be true deals which have backfired on retailers. In 2009 a group of customers successfully sued B&Q for “loss of bargain” after it failed to honour orders for dishwashers offered at £100 in a sale. ...
National Living Wage has not led to job losses, survey says image
Source : BBC [Read Article] Sunday 10th of July 2016 11:08:52 PM
....70 an hour. The DIY chain B&Q, supermarket Tesco, coffee chain Caffe Nero and the John Lewis Partnership have all this year reduced some staff payments or perks, but most have said the moves were unrelated to the 50p-an-hour increase in the National Living Wage (NLW). ...
Lowest-paid workers to receive smaller pay rises, says thinktank image
Source : Guardian [Read Article] Sunday 10th of July 2016 11:01:35 PM
.... In addition, 8% had reduced other aspects of their staff reward package, such as paid breaks, overtime or bank holiday pay. The survey results counter evidence that high-profile companies, including Tesco, Marks & Spencer and B&Q, clawed back staff benefits after the introduction of the national living wage. ...
B&Q to face pressure from campaign groups over pay practices image
Source : Guardian [Read Article] Tuesday 14th of June 2016 04:54:22 PM
. Kingfisher, the owner of B&Q, will face further pressure over pay and conditions for staff at its annual shareholder meeting on Wednesday when campaigners will ask the DIY retailer to reverse cuts made this year. ...
City News: Greggs, Poundland, Apple image
Source : Daily Express [Read Article] Monday 13th of June 2016 10:37:00 AM
.... They said the cold spring weather, timing of Easter and a push to convert all the 99p Stores will have "conspired to hold like-for-like sales back". Mr McCarthy will stand down on July 1, handing over to former B&Q UK and Ireland boss Kevin O'Byrne. ...
Debenhams poaches Amazon's Sergio Bucher as new CEO image
Source : Guardian [Read Article] Thursday 26th of May 2016 10:19:31 AM
.... He was a surprise choice, while Debenhams’ trading director, Suzanne Harlow, missed out on the top job. Sir Ian Cheshire, who became Debenhams’ chairman last month after running B&Q owner Kingfisher for years, said: “Sergio’s wealth of e-commerce expertise, international experience and clear leadership qualities stood out. ...
City news: Car manufacturing, Entertainment one, Kingfisher, Wheelies image
Source : Daily Express [Read Article] Wednesday 25th of May 2016 09:37:00 AM
....The DIY giant’s tradesmen-focused Screwfix business grew like-for-like takings by 16. 2 per cent in the first quarter, while B&Q overcame a 14. ...
FTSE shrugs off US rate concerns, with Kingfisher boosted by positive update image
.... We are seeing the same in France with the consumer-facing business Castorama going backwards while trade-focused Brico Depot, put in a decent performance. Against the back drop of store closures, like for like sales at B&Q grew at a decent pace. ...
Women could bear brunt of high street job losses, survey warns image
Source : Guardian [Read Article] Wednesday 11th of May 2016 11:30:00 AM
....20 an hour for workers aged 25 or above took effect last month. Many retailers, including B&Q and Waitrose, have been cutting staff benefits and pay for Sundays and bank holidays to offset the higher costs but others, such as Greggs, have said they can absorb the change without changing terms for staff. ...
Buy-to-let landlords blamed for decline in DIY among under-30s image
Source : Guardian [Read Article] Thursday 28th of April 2016 11:01:30 PM
....Related: Tiny and £1,100 a month: corporate answer to flatsharing in London. Falling sales have already forced B&Q to start closing 60 loss-making stores across the UK, affecting 3,000 workers. ...
Barkley Plastics flourishes after joining forces with other Midlands manufacturers image
....The company has now outgrown its 89,000 square foot space and is considering moving so it can hold more stock and speed up fulfilment. And DIY store B&Q should expect a call from Harwood soon, he says: “We can see our Plasfloor tiles on its shelves, it would be a good fit. ...
Zizzi cuts staff perks days after introduction of new living wage image
Source : Guardian [Read Article] Monday 25th of April 2016 06:04:22 PM
.... In recent months several big high street names have made changes to staff conditions to offset some of the increase. The coffee chain Caffè Nero recently cut free food for staff, while Waitrose and B&Q have stopped paying Sunday overtime to some workers. ...
Employers claw back living wage in cuts to perks, hours and pay image
Source : Guardian [Read Article] Saturday 16th of April 2016 03:00:21 PM
....”. She began campaigning after a constituent who works for B&Q reported that a rise in basic pay was being accompanied by cuts to Sunday and bank holiday pay as well as bonuses. ...
Build your own house via the internet image
Source : BBC [Read Article] Tuesday 12th of April 2016 11:00:31 PM
....Possible kits include studios (with an estimated build price of £12,000), micro houses (£45,000) and town houses (£150,000). Much of the material is deliberately low-tech - timber frames that can be put together, said Mr Parvin "using tools you can buy in B&Q". ...
B&Q offers to negotiate compensation for changes to staff benefits image
Source : Guardian [Read Article] Tuesday 12th of April 2016 07:33:16 PM
. B&Q is offering workers two years’ compensation and further negotiations over their pay packages after nearly 136,000 people signed a petition against the retailer’s planned cuts to employee benefits. ...
Reader awards: vote now for business leader and unsung hero of the year image
.... Cyndi engaged chemists from Cambridge and brought mainstream companies such as H&M and Puma on board. Rachel Bradley - head of One Planet Home, B&Q. ...
Poundland sowing seeds of expansion image
Source : Daily Express [Read Article] Sunday 10th of April 2016 06:28:00 PM
.... . McCarthy, 60, will be replaced by former B&Q chief executive Kevin O’Byrne on July 1, but will remain with the group until his retirement at the firm’s annual shareholder meeting in September. ...
B&Q pulls job ad asking workers for three days' unpaid 'induction' image
Source : Guardian [Read Article] Sunday 10th of April 2016 04:17:27 PM
. B&Q has withdrawn an advertisement for jobs at its Swindon warehouse that required jobseekers to work three days’ “induction” for free and pay for a drugs test. ...
Card Factory reports profit surge but warns on 'national living wage' image
Source : Guardian [Read Article] Tuesday 5th of April 2016 10:45:47 AM
....Retailers will have to find £3bn a year by 2020 to pay the increased wage, the British Retail Consortium lobby said last week. Some analysts have predicted higher prices or big job cuts and B&Q, the DIY chain, has faced protests over plans to cut Sunday pay and reduce bank holiday rates for some workers in return for higher minimum wages. ...
Share Hunter: B&Q owner Kingfisher to fit things together image
Source : Daily Express [Read Article] Sunday 3rd of April 2016 07:28:00 PM
....A quite remarkable 98 per cent of the group’s sales come from items which were only available in one of its store networks. This means a paint brush bought in B&Q in the UK could be entirely different from one bought in Kingfisher’s French chain, Castorama. ...
Middle class cash-in-hand employers 'unlikely to pay minimum wage' image
Source : Guardian [Read Article] Friday 1st of April 2016 05:00:04 AM
.... It admits that even after the minimum wage increase, some workers’ pay will fall by £5 a week. B&Q, which employs 27,000 staff, is planning to cut summer and Christmas bonuses and to scrap premiums for working Sundays and bank holidays. ...
Retailers will have to find £3bn more a year for 'national living wage' image
Source : Guardian [Read Article] Thursday 31st of March 2016 01:55:50 PM
....But the increases in basic pay have often been accompanied by a squeeze on benefits such as extra pay for Sundays and bank holidays, an end to paid breaks or a squeeze on overtime. B&Q, for example, is the subject of an online petition against its plan to cut Sunday pay and reduce bank holiday rates for some workers in return for lifting minimum wages. ...
City news: Lloyd's, Odeon, B&Q and William Hill image
Source : Daily Express [Read Article] Thursday 24th of March 2016 12:01:00 AM
...._____________________________________________________________. B&Q owner Kingfisher says its own five-year makeover plan will help it withstand tough competition from the new Australian owner of Homebase. ...
Kingfisher taking keen interest in Homebase's new Australian owner image
Source : Guardian [Read Article] Wednesday 23rd of March 2016 08:19:06 AM
. B&Q owner Kingfisher has sent a team to Australia to check out rival Bunnings as it admits it faces tougher competition from the new owner of Homebase. ...
B&Q owner's profits down amid revamp image
Source : BBC [Read Article] Wednesday 23rd of March 2016 08:02:59 AM
....DIY giant Kingfisher has announced a 20. 5% fall in statutory pre-tax profit as it reaches the halfway mark in its plan to close 65 B&Q stores. ...
City news: Online ticket fraud, Next, UK airlines and what the Sunday papers say image
.... Sportswear giant Nike will unveil a 10 per cent hike in its revenues at its third-quarter results this week, according to Wall Street analysts. B&Q owner Kingfisher is expected to report falling sales and profits on Wednesday, as it continues to restructure itself to cope with people abandoning DIY in favour of paying tradesmen. ...
Brush up on the price of paint if you plan to have a DIY Easter image
Source : Guardian [Read Article] Saturday 19th of March 2016 07:00:03 AM
....White spirit is twice the price at Homebase and Sainsbury’s compared with Tesco. Dulux Pure Brilliant White is 50% more expensive in both B&Q and Homebase than in Wilkinson. ...
Announcing the 2016 Guardian Sustainable Business Awards shortlist image
Source : Guardian [Read Article] Monday 14th of March 2016 10:12:19 AM
....SABMiller. B&Q. ...
‘I couldn’t have worked until 75’: retirees talk about state pension age image
....Related: State pension age could rise faster than expected, say experts. Bill McPherson, 76 and from New Malden, Surrey, is one of the 28% of B&Q workers over the age of 50. ...
City News: Rolls-Royce, Poundland, Entertainment One and ITV image
Source : Daily Express [Read Article] Wednesday 2nd of March 2016 11:10:00 PM
....The 60-year-old, under whose leadership the discounter has floated on the stock market and expanded from 146 stores with £310million sales to a £1billion business with over 900 outlets, will retire in September. Taking over is Kevin O’Byrne, a former finance director at electricals chain Dixons Retail who went on to become boss of the DIY giant B&Q. ...
Poundland appoints ex-B&Q boss as new chief executive image
Source : Guardian [Read Article] Wednesday 2nd of March 2016 12:03:24 PM
....Poundland shares have slipped back as the discount retailer announced that chief executive Jim McCarthy was retiring after a decade in the job. The company said McCarthy would be succeeded in April by Kevin O’Byrne, former chief executive at DIY group B&Q. ...
Time, BBC and others drive historic deal to protect Canada's Great Bear Rainforest image
.... They used their market clout to pressure forestry companies to commit to sustainability in the Great Bear Rainforest and, in return, reaped financial and social benefits for their own operations. Some companies – including BBC Magazine, paper goods giant Kimberly Clark and home improvement company B&Q – went so far as to cancel contracts with the region’s forestry companies. ...
Woolworths suffers $1bn loss as Masters debacle and price war take their toll image
Source : Guardian [Read Article] Thursday 25th of February 2016 10:13:06 PM
....7m hit, it said in its first half results on Friday. Related: Watch out Wickes and B&Q: Bunnings is coming for your DIY customers. ...
Hedge fund giant Citadel takes out bet against Schroders image
Source : Telegraph [Read Article] Saturday 13th of February 2016 08:02:36 PM
.... . Citadel has a number of other large short positions in the London markets, including bets against EasyJet, Sainsbury’s, Petrofac and the B&Q owner Kingfisher. ...
SuperGroup founder cashes in shares to fund divorce settlement image
Source : Guardian [Read Article] Thursday 11th of February 2016 07:03:32 PM
.... But they were trading at 1074p a year ago and were languishing at just 267p three years ago. Dunkerton brought in former B&Q and Co-op executive Euan Sutherland as chief executive in October 2014, but he retains a hands-on role as product and brand director. ...
A 'major success' would be a fair tax system, not this tiny Google deal image
Source : Guardian [Read Article] Monday 25th of January 2016 08:07:16 PM
....Kingfisher has banged on for so many years about the advantage of being a pan-European retailer that you would think it would have tried to bank some of the benefits before now. Instead, it seems, the group is a collection of fiefdoms – B&Q (UK); Screwfix (UK and Germany); Castorama (France, Poland, Russia); Brico Dépôt (France, Spain, Portugal and Romania); and Koçtaş (Turkey). ...
B&Q owner fix share price £500m year profit boost image
Source : Guardian [Read Article] Monday 25th of January 2016 09:54:31 AM
. Kingfisher, the owner of B&Q and Castorama in France, has unveiled a plan to boost profits by £500m a year and return £600m to shareholders. ...
Kingfisher guns for £500m profit boost with five-year plan image
Source : Telegraph [Read Article] Monday 25th of January 2016 08:34:35 AM
. Ambitious plans by B&Q owner Kingfisher have spooked investors despite the company unveiling a strategy to boost profits by £500m a year. ...
Kingfisher shares slide on revamp plan image
Source : BBC [Read Article] Monday 25th of January 2016 08:19:45 AM
. Kingfisher, which owns B&Q, has announced a push to increase annual pre-tax profits by £500m within five years and return £600m to shareholders. ...
Homebase brand to disappear as £340m sale agreed to Australian group Wesfarmers image
.... Sainsbury's has set its sights on Argos  Photo: PA. The Homebase sale is also expected to cause upheaval in the DIY market, particularly for market leader B&Q. ...
Australian DIY brand Bunnings to launch in UK after Homebase deal image
Source : Guardian [Read Article] Monday 18th of January 2016 01:49:03 PM
.... The sale of Homebase must be approved by Home Retail’s shareholders. The acquisition of 265 Homebase stores would make Bunnings the second largest home improvement and garden retailer in the UK and Ireland behind B&Q. ...
Homebase sold to Australian retailer image
Source : BBC [Read Article] Monday 18th of January 2016 01:29:43 PM
....Wesfarmers, which owns one of Australia's biggest supermarket chains, Coles, has estimated that the UK's home improvement and garden market is worth £38bn. The market leader is Kingfisher's B&Q chain. ...
FTSE closes at three-year low amid global sell-off sparked by oil plunging below $28 a barrel  image
Watch out Wickes and B&Q: Bunnings is coming for your DIY customers image
Source : Guardian [Read Article] Monday 18th of January 2016 11:37:02 AM
. B&Q should be worried. ...
Homebase to disappear from UK as Australian brand Bunnings takes over image
Source : Guardian [Read Article] Monday 18th of January 2016 05:33:27 AM
....Bunnings, an Australian institution, is the country’s number one hardware retailer and will be hoping to bring its winning combination of low prices, huge range and excellent customer service to the UK market. The acquisition of 265 Homebase stores will make it the second largest home improvement and garden retailer in the UK and Ireland and give it a position to challenge B&Q. ...
Debenhams hires Sir Ian Cheshire as its new chairman image
Source : Telegraph [Read Article] Thursday 14th of January 2016 03:16:07 PM
. Debenhams has hired Sir Ian Cheshire, the former boss of B&Q owner Kingfisher, as its next chairman. ...

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