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Realistbear

House Market Sensitive Stock B & Q Profit Down 70%

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http://www.kamcity.com/namnews/asp/newsart...sp?newsid=27313

UK: B&Q To Reveal Major Fall In Profits

The Sunday Telegraph reports that Kingfisher will this week reveal that operating profits at its B&Q chain
fell by more than 70%
in the first quarter, due to severe price cutting in the face of depressed consumer spending. For the three months to the end of April, profits at B&Q are expected to be just £17m, down from £71m last year, according to the company's house broker, Credit Suisse. The newspaper said the slump will highlight the degree to which B&Q has slashed its margins in an attempt to lure customers into its stores.

Bellweather B&Q points to stormy times ahead for property spending. :o

Edited by Realistbear

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I think these places are getting more expensive than cheaper. £5 for 2 metres of 16mm x 10 mm cable trunking, about 50% more than buying from a trade and retail supplier.

Just edited this I meant 50% not 5% a price difference that drove me away as a customer

Edited by wheresmyfoxhole

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US market mirrors UK market in the boom and bust house price cycle, Brits and Yanks who mewed themselves silly are now skint:

http://www.builderonline.com/industry-news...rticleID=305709

End of the Boom for Remodelers? ; As Interest Rates Rise, Experts Are Predicting a Slowdown for the Home Remodeling Business.

Source: Portland Press Herald

Publication date: 2006-05-19

By EDWARD D. MURPHY Staff Writer
The home remodeling boom of the past few years may be coming to an end because of the same factors that fueled it: interest rates and heavy borrowing based on rising house values.
This time, however, interest rates are rising instead of hitting record lows, and the money borrowed over the past few years has been spent, leaving homeowners with loans to repay. And that adds up to a downturn for the remodeling and renovation business.

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US market mirrors UK market in the boom and bust house price cycle, Brits and Yanks who mewed themselves silly are now skint:

http://www.builderonline.com/industry-news...rticleID=305709

End of the Boom for Remodelers? ; As Interest Rates Rise, Experts Are Predicting a Slowdown for the Home Remodeling Business.

Source: Portland Press Herald

Publication date: 2006-05-19

By EDWARD D. MURPHY Staff Writer
The home remodeling boom of the past few years may be coming to an end because of the same factors that fueled it: interest rates and heavy borrowing based on rising house values.
This time, however, interest rates are rising instead of hitting record lows, and the money borrowed over the past few years has been spent, leaving homeowners with loans to repay. And that adds up to a downturn for the remodeling and renovation business.

The "doom-mongers", i.e. those who refused to go deeply into debt, are now the very people that the world economy is depending on to restart growth. Ironic isn't it?

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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