French market woes weigh on Kingfisher profit November 25, 2014 NO AMOUNT of DIY could help fix Kingfisher’s sales performance in the third quarter as France’s weak consumer economy continued to weigh on Europe’s largest home improvement retailer. Kingfisher posted a 3.6 per cent drop in sales to £2.8bn, saying the weak French market, where it traded as Castorama and Brico Depot, had offset a [...]
B&Q owner Kingfisher reports falls in revenue and profit November 25, 2014 Kingfisher’s new French chief executive, Veronique Laury, faces a tough task to arrest the tumbling sales in her home country which are taking their toll on the FTSE 100 company. In its third quarter results the B&Q and Screwfix owner Kingfisher recorded a 3.6 per cent drop in sales to £2.8bn, while retail profit [...]
London Report: Reed rise offsets Kingfisher crash as FTSE ends up July 24, 2014 THE FTSE yesterday rose, as gains at media company Reed Elsevier helped offset a slump in home improvements retailer Kingfisher. Britain’s main index closed up 0.3 per cent, or 23.31 points, at 6,821.46. Anglo-Dutch publisher Reed Elsevier climbed 4.37 per cent to 980p, after reporting first-half earnings that beat market expectations. British Airways and Iberia [...]
Kingfisher share price falls as World Cup distracts DIY shoppers July 24, 2014 Shares in B&Q owner Kingfisher have fallen by more than 7.3 per cent in early trading, after the company reported falling like-for-like sales and the acquisition of French DIY brand Mr Bricolage. Chief executive Sir Ian Cheshire said that second quarter trading "was always expected to be more difficult", and that markets "have been slower [...]
Shares slump at Kingfisher after earnings miss May 29, 2014 KINGFISHER’S shares fell nearly five per cent yesterday after first quarter profits fell short of City expectations, despite its B&Q chain delivering its best performance in a decade. The group, which also owns Screwfix and Castorama in France, said underlying operating profits increased by 20.3 per cent to £142m in the 13 weeks to 3 [...]
Kingfisher bids for French rival Mr Bricolage April 3, 2014 EUROPE’S biggest home improvement retailer Kingfisher has bolstered its presence in France by agreeing to buy smaller rival Mr Bricolage for €275m (£227m) including debt. The B&Q owner, which makes about half of its annual profit in France, said it has entered exclusive talks to buy 26.2 per cent of the share capital from the [...]
B&Q owner Kingfisher confirms exclusive talks to buy Mr Bricolage April 3, 2014 B&Q and Screwfix owner Kingfisher has announced it’s entered exclusive talks to acquire Mr Bricolage, a French home improvement retailer. Should the deal being discussed go through, FTSE 100 company Kingfisher would initially acquire 68.1 per cent of the firm’s share capital – from the majority shareholders – making a subsequent offer to buy shares [...]
Kingfisher returns £200m to shareholders March 25, 2014 KINGFISHER, the owner of DIY chains B&Q and Screwfix, announced plans to hand £200m to shareholders as brighter prospects in the UK helped boost its full-year performance, sending shares up six per cent yesterday. Finance director Karen Witts said it will launch a multi-year programme starting with £200m in this financial year – its first [...]
Kingfisher shares climb on bumper profits March 25, 2014 B&Q owner Kingfisher is enjoying a rise in share price of four per cent after the company announced bumper profits before tax of 9.8 per cent to £759m for the year 2013/14. The company saw revenues rise 5.2 per cent to £11bn despite a difficult first quarter in 2013 and a weak economic environment in [...]