Kingfisher: B&Q owner holds guidance despite weak ‘big-ticket’ sales home improvement B&Q owner Kingfisher has held its guidance for the year, as the firm posts improving sales in its UK and Ireland market.
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’s profits slump nearly 40 per cent although Covid backlog may yet boost DIY chain’s bottom line B&Q 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 [...]