Home improvement firm to invest £50m in green energy

The owner of brands including B&Q and Screwfix plans to invest £50 million in renewable energy. It is part of Kingfisher’s plan to reduce its energy consumption from the National Grid by 10% in the next two years. The investment will be spent on solar panels in the UK and France to be fitted on […]

Kingfisher boss to step down, profits fall

Kingfisher’s group chief executive is stepping down it was announced yesterday as the B&Q owner reported a fall in profits for the first half of 2014. Sir Ian Cheshire will make way for Véronique Laury who currently heads another of the DIY retailer’s branches, Castorama France. The changeover is due before the end of the […]

Biggest fear for homeowners? Energy prices

Never mind mortgages – rising energy prices are the top fear for householders across Europe according to a new poll. The European Home Report surveyed 17,000 people in nine European countries about their attitudes to home improvement. Two thirds (65%) said rising energy prices are their number one worry about the home. This was more […]

Kingfisher “only scratching surface” of green scheme

Kingfisher’s scheme to become “net positive” in how it uses resources has made “steady progress” in its first year – but much more is yet to be done. One year on from launching, the owner of B&Q UK and Ireland and China, European DIY chains Brico Depot and Castorama brought out a report on its […]

Chinese oil company lands $2bn deal in Uganda

China’s state-owned oil company CNOOC has landed a $2 billion (£1.23 billion) deal to develop a field in Uganda. Ugandan Junior Energy Minister Peter Lokeris said: “It is a milestone towards making us self-sustaining as far as oil and gas production is concerned. “The contractor among other responsibilities will be responsible for developing the Kingfisher […]

Sustainability is “commercial imperative”- with £100bn reward

Sustainability is a “commercial imperative” and could benefit British businesses to the tune of £100billion according to a new report by retailer M&S, analysts at Accenture and the charity Business in the Community. They urge companies to avoid tick-box style corporate and social responsibility and put environmental and social issues at the heart of their […]

Timber! Kingfisher cuts energy intensity by 10%

B&Q owner Kingfisher has cut down on how much energy it uses after taking the plunge on a commitment to put more back into the environment that it takes out by 2050. The home improvement retailer made the “beyond zero” pledge for four areas – timber, energy, innovation and communities – last year and published […]

Will Green Deal cost more for Londoners?

The Green Deal energy efficiency scheme may end up costing more for Londoners because housing in the capital is more expensive to work on. With new types of insulation available, people in the capital could find themselves paying more – or even struggling to find the right installers. As the Government’s national scheme to help […]

Supermarkets soar in FTSE 100 carbon league table

Posh supermarket chain Marks & Spencer has come first in this year’s ranking of FTSE 100 firms for their carbon cutting activity. Supermarkets were generally the best performers in the table compiled by Carbon Clear, the global carbon management firm, with the manufacturing, mining & metals and building materials sectors coming bottom. The research shows the […]

Kingfisher follows M&S’ footsteps for green plans

The owners of B&Q are set to follow Marks & Spencer in a path to become more sustainable. Kingfisher, which owns B&Q and Screwfix, published its ‘2012 Corporate Responsibility Report’ last week following an announcement in March about its new sustainability project ‘Net Positive’. The report comes after M&S published its own commitments to address […]