Kingfisher, the owner of DIY chain B&Q and Screwfix, has increased its full year adjusted pre-tax profit by 8.3% to £743 million as the company benefited from rising sales in the UK and Poland.
Kingfisher chairman Daniel Bernard is to retire and step down from the board at the company’s AGM in June after eight years as chairman and 11 years on the board.
Travis Perkins has increased its full year revenue by 9.5% to £1.518 billion at its consumer division which includes Wickes, Toolstation and Tile Giant. Like-for-like sales in the period rose by 6.4%.
Wesfarmers, the group which bought the Homebase chain last year and is rebranding the stores to Bunnings, has reported a loss before interest and tax of £28 million in the six months to 31 December.