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B&Q owner Kingfisher urges Reeves to rethink tax rises for retailers

Government accused of increasing retailers’ NI contributions and business rates but aiming to cut tax for big tech

B&Q owner says budget uncertainty hit spending and tax rise will cost it £31m

Kingfisher says it faced weak market in October, as Greggs also complains of cost of national insurance increase

B&Q owner Kingfisher reports weak demand for kitchens and bathrooms

Shares in FTSE 100-listed company rise after it reports improved full-year profit forecast

Boeing boss Dave Calhoun to step down; EU to investigate Alphabet, Apple and Meta – as it happened

Live, rolling coverage of business, economics and financial markets as Boeing chief executive departs after safety incidents including mid-air door blow-out

B&Q owner Kingfisher warns of lower profits as DIY market slows

Company’s shares fall as it says it is to reduce costs, which suggests it could cut staff

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

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

B&Q owner cashes in as Britons improve homes rather than move

Kingfisher says people are staying put as mortgage interest rates and household bills soar

Garden water butts get a long overdue design makeover

Traditional plastic rain barrels have often been hidden away but greater focus on conservation drives design changes

B&Q could open at least 50 more smaller UK stores

DIY chain backs B&Q Local format as it reports 40% slide in pre-tax profits to £611m

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

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

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

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

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

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

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← Older posts
  • Bougainville fought a war to shut down Panguna mine. Now it wants to reopen it
  • Lotus reassures business secretary it has no plans to shut Norfolk factory
  • Labour could find the money it wants without raising taxes. This is austerity by amnesia
  • Dawn of the drone age: how agri-tech is boosting production and morale
  • Rachel Reeves must rethink how tax and spend decisions are made after welfare U-turn
  • ‘It breaks my heart’: how a refinery closure is hitting jobs and politics
  • 1 July changes: minimum wage, Centrelink payments, parental leave, road fines and everything else coming for 2025-26
  • Thames Water court case shows there are alternatives to massive infrastructure
  • ‘He left us with nothing’: the British investors swindled by a German property firm
  • Beetroot ketchup to avocado oil mayo: how sauces have gone gourmet
  • Wall Street shivers over ‘hot commie summer’ after Mamdani’s success
  • From mochi ice cream to strawberry sandos, Japanese sweet treats are tickling UK tastebuds
  • Zopa launches current account with cashback and 7.1% on savings
  • Smithfield and Billingsgate market redevelopment plans begin – but traders’ future in doubt
  • The global south needs more than tinkering at a conference: debt forgiveness is the only fair way
  • US reaches deal with China to speed up rare-earth shipments, White House says
  • Trump says he is ending Canada trade talks amid tech tax dispute
  • M&S boss slams ‘bureaucratic madness’ of products requiring ‘not for EU’ labels
  • Starmer still faces Labour anger over risk of ‘two-tier’ disability benefits
  • Lotus plans to end UK sportscar production, putting 1,300 jobs at risk
  • Reeves expected to freeze income tax thresholds to raise funds after welfare U-turn
  • Wall Street hits record high on trade deal hopes; UK car exports to US halve due to tariffs – as it happened
  • Barclays and Jes Staley face fresh lawsuit in US over Epstein link
  • Superdrug to add more stores as demand for weight loss drugs soars
  • Rising poverty in conflict zones ‘causes a billion people to go hungry’
  • Suspend UK from oil oversight body over protests crackdown, say campaign groups
  • EU retaliation against Trump drug tariffs would be bad idea, says industry
  • Period drama: Here We Flo pulls ‘plastic-free’ pledge amid row over green claims
  • Nike expects Trump tariffs to cost it $1bn
  • Sky sells German pay-TV business to RTL for €150m

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