B&Q owner Kingfisher’s profits topped £1bn - a feat only achieved by two other UK retailers, Tesco and Marks & Spencer.
(Picture: PA Wire)B&Q and Screwfix owner Kingfisher became only the third UK retailer in history to surpass the £1 billion profit mark today as its boss pledged to keep battling rivals on price amid the cost-of-living squeeze.
The firm said that pre-tax profits last year nudged over the £1 billion mark — an achievement only matched by Tesco and Marks & Spencer in the UK retail sector — as a pandemic-era DIY boom continued even after lockdown restrictions eased. It is handing £550 million back to investors.
