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INSANE: 2 | Vintage Vibes

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

The Guardian - UK

Shell boss sees pay jump as group vows to boost investor returns on cost savings

Wael Sawan’s total pay lifted by 9% to £8.6 million in 2024 as he landed a £2.9 million annual bonus and £3.9 million in share awards.

Evening Standard

B&Q owner Kingfisher’s profit slides as ‘big-ticket’ spending remains squeezed

The DIY giant said it was expecting around a £145 million hit this year from higher wages, taxes and inflation.

The Independent UK

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Ian Cheshire to step down as chairman of Channel 4 after three years

His term will end on April 10 2025.

Evening Standard

FTSE 100 lifts to month-high amid strong banking stocks

London’s top index finished 29.60 points, or 0.36%, higher to end the day at 8,291.68.

The Independent UK

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

The Guardian - UK

B&Q owner Kingfisher braces for £31m rise in tax bill next year

The DIY giant said consumer spending weakened as a result of uncertainty in the lead up to the autumn Budget statement in the UK.

Evening Standard

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B&Q owner Kingfisher warns of £31 million hit from National Insurance changes next year

Blow revealed as CBI boss says NI reforms will hit profits, investment and growth

Evening Standard

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

The Guardian - UK

NGO Reports 'Human Rights Disaster' At Uganda Oil Project

A massive oil project in Uganda co-owned by French group TotalEnergies and China's CNOOC is mired in reports of sexual violence, forced evictions and environmental damage, climate activists said Monday.

International Business Times

Best grill scrapers to keep your BBQ in top condition

For great grates

Evening Standard

Kingfisher swoops for British Land CFO Bhavesh Mistry to replace Bernard Bot as finance chief

Boardroom refresh follows run of profit warnings

Evening Standard

Chair of B&Q owner Kingfisher to step down after string of profit warnings

City grandee Andrew Cosslett to be replaced by former Premier League director Claudia Arney

Evening Standard

Awful and Awesome Ep 347: Crew, The Zone of Interest, The Regime

While discussing Crew:

Newslaundry

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The Guardian - UK

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

The Guardian - UK

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

Evening Standard

FTSE 100 Live 25 March: Index closes slightly lower, but still near record high, Cocoa prices surge

Investors will be looking for fresh progress this week after the FTSE 100 index closed on Friday at its highest level in a year.

StockNews.com

3 Home Improvement Stock Buys Wall Street Loves

The global home improvement sector thrives as e-commerce reshapes consumer habits and smart home technology boosts innovations. Hence, let us analyze fundamentally solid home improvement stocks, Kingfisher (KGFHY), Acuity Brands (AYI), and Alarm.com Holdings (ALRM), which have garnered Wall Street acclaim.

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Evening Standard

FTSE 100 Live: Pub stocks rise, banks fall after Autumn Statement, economy to grow slower than expected

Lower National Insurance payments, a boost to the minimum wage and what the Chancellor claimed to be “the largest business tax cut in modern British history” were unveiled by Jeremy Hunt this afternoon in the Commons.

The Guardian - UK

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

AAP

Aussies urged to lead charge and hang up on phone waste

A year of action will encourage people to dial in to the "circular economy" by handing in their old mobile phone when buying a new one.

The Guardian - UK

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

Evening Standard

Kingfisher shares hammered after B&Q owner warns on profits

CEO Thierry Garnier keeping watch on the Bank of England after high interest rates hit Polish market

Evening Standard

FTSE 100 Live: London blue-chips close up seven points, Kingfisher dives, oil at $95

A profit warning by B&Q owner Kingfisher and robust trading figures from Ocado provided the main interest in the FTSE 100 today.

The Guardian - UK

Oil hits $95 per barrel; CBI postpones annual meeting amid ‘cashflow challenges’ – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude hits 10-month high and CBI puts annual meeting on hold amid financial woes

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