Retail industry
Co-op says ‘malicious’ cyber-attack has hit profits by £80m | Co-operative Group
The Co-op has fallen into the red after it suffered an £80m hit to profits as a result of a “malicious” cyber-attack this year. The group, which owns more than 2,000 grocery stores and more than 800 funeral parlours, was forced to shut down parts of its IT systems in April after it discovered an […]
B&Q owner lifts profit forecast amid strong demand for kitchens | Kingfisher
The owner of B&Q and Screwfix has upgraded its profit forecast after reporting strong demand for its new kitchen ranges and garden products amid good summer weather. Kingfisher, which runs DIY stores across Europe, including Castorama and Brico Dépôt France in France, posted sales growth of 1.9% at established stores in the six months to […]