Roundup Newswires

Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network

B&Q owner issues another profit warning after weak sales in France

Posted on November 22, 2023 by Admin

UK business lifted by ‘improve not move’ trend and interior design videos on TikTok

The owner of B&Q and Screwfix issued its second profit warning in three months after weak sales in France but said its UK business is being boosted by the “improve not move” trend and interior design videos on TikTok.

Kingfisher, which also owns Castorama and Brico Dépôt in France and operates in Poland, Iberia and Romania, too, reported an almost 4% sales decline in its financial third quarter, prompting a downgrade in its annual profit forecast from £590m to £560m.

Sales boost for B&Q and Screwfix owner amid rush for energy-saving products

Posted on November 24, 2022 by Admin

Kingfisher says sales of loft insulation roll more than double while smart thermostats rose by nearly a third

The B&Q owner, Kingfisher, has reported higher sales as fears over higher gas and electricity costs boosted demand for energy-efficient products including insulation roll and smart thermostats.

The retail group, which also owns the hardware trade supplier Screwfix, said customers who invested in a raft of energy-saving DIY products helped increase group sales by 0.6% to £3.3bn in the three months to October. When stripping out the impact of the weaker pound, sales were up 1.7%.