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The Latest Breaking News from Kingfisher

Screwfix grows with new UK and France stores - and confirms wholesale deal that saves 400 jobs

It comes as the Somerset DIY brand’s parent firm Kingfisher reported profits had dropped by a fifth, with a further dip expected

Birmingham Post

Over-65s being hit harder by energy prices due to energy inefficient homes

A recent report has revealed that when compared with their younger counterparts those over-65 were more likely to live in inefficient properties - adding to the rising cost of their bills

The Independent UK

Over-65s are suffering more with energy prices - due to their inefficient homes

Over half of over 65s are living in properties with a EPC rating of 'D' or below, resulting in sky-rocketed energy bills

Wales Online

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B&Q eyes up plans to open up to 50 more smaller stores on UK high streets

DIY retailer B&Q is opening two smaller B&Q Local stores in London next year, and if the mini stores are a hit with customers then there could be around 50 more too

Daily Mirror

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

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

The Guardian - UK

B&Q owner boosted by sales of energy saving products

Kingfisher said the DIY market also continued to do well as the trend for working from home continued

Birmingham Post

Bank of England deputy governor could vote to cut interest rates if inflation pressures ease – as it happened

Sir Dave Ramsden expects to vote to keep raising borrowing costs, but sees potential for rate cuts if persistent inflation stops being a worry

The Guardian - UK

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I went for a 'bottomless' curry at Zouk to see how much I could handle but made one key error

Zouk, in Manchester city centre, offered all-you-can-eat curry as a special offer for National Curry Week

Manchester Evening News

Shares slide as UK retailers join households facing a grim winter

Businesses from bars to shops are buckling under the strain of energy bills and damage to trade and staffing

The Guardian - UK

B&Q owner Kingfisher’s profits fall 30% amid cost of living crisis

Chief executive calls on government to give more support to people on lower incomes in mini-budget

The Guardian - UK

City braces for sharp hike in UK interest rates; Roubini predicts ‘long, ugly’ recession – as it happened

Money markets suggest the Bank of England could raise rates from 1.75% to 2.5% this week, and 3.75% by end of 2022, as policymakers try to get to grips with soaring inflation

The Guardian - UK

Energy inefficient households will pay £750 extra compared to those with good efficiency

October's energy price cap will rise will see an increase in bills for everyone - but this price hike will be £750 a year more for households with low efficiency ratings

Wales Online

Energy inefficient homes facing £750 higher bill compared to those with good efficiency

October's energy price cap will rise will see an increase in bills for everyone - but this price hike will be £750 a year more for households with low efficiency ratings

Daily Mirror

Low-efficiency homes ‘to cost owners £700 extra in energy bills’

‘The UK’s housing stock is among the least energy-efficient in Europe,’ industry expert says

The Independent UK

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Evening Standard

Best garden storage boxes for a tidy outdoor space

Ideas to keep your garden tidy and in tip top shape

Evening Standard

DIY retailer Wickes avoids post-pandemic slowdown

Business has benefitting from sustained DIY interest and bursting trade order books

Daily Mirror

The Glazers' reasons for wanting to buy East Bengal and what it could mean for Man Utd

The Glazer family, who have owned Manchester United since 2005, are in talks with cricket legend Sourav Ganguly to take over Indian Super League side East Bengal

The Guardian - UK

THG boss should count the blessings of life as a listed company

Matt Moulding may be tempted by a private bid for the online retailer, but the grass is not always greener elsewhere

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Evening Standard

High Street fears mount as B&Q reveals DIY sales slump

FRESH fears for the high street emerged today when Kingfisher reported a slump in sales that could indicate the lockdown DIY boom is over.

The Guardian - UK

B&Q owner Kingfisher ‘managing inflation’ as DIY demand continues

Retailer launches £300m share buyback as it retains most of sales increase during Covid pandemic

Birmingham Post

B&Q and Screwfix product availability 'close to normal levels' as supply issues ease

Owner Kingfisher has reported an improvement in its sales decline and said it was driven by "resilient demand"

Daily Mirror

Screwfix to open 80 new shops with 800 jobs after DIY lockdown boom drives sales

Screwfix saw its sales boosted by the lockdown DIY boom, as Brits turned to home renovations at a time when pubs, restaurants and shops were closed. Hardware stores were allowed to stay open

The Independent UK

Screwfix to open 80 stores with 800 new jobs

The retailer’s sales were boosted during the pandemic as locked down Britons hired tradespeople to spruce up their properties and gardens.

StockNews.com

Spruce Up Your Portfolio with These 5 Home Improvement Stocks

The home improvement industry has been one of the biggest beneficiaries of the COVID-19 pandemic. Home renovation retailers gained significantly as prolonged indoor stays encouraged people to consider restyling and remodeling their homes. Furthermore, a growing inclination to transform homes and boost living/working comfort continues to propel the industry’s growth.…

The Independent UK

Former Kingfisher boss Sir Ian Cheshire appointed chairman of Channel 4

It comes as the broadcaster is facing the prospect of privatisation.

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