BUSINESS LIVE: Kingfisher outlook warning; Henry Boot eyes market improvement; Mobico German rail hit
By Live Commentary
Updated:
The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Kingfisher, Henry Boot, Mobico. Read the Monday 25 March Business Live blog below.
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Chinese battery giant could pump billions into building Britain’s biggest gigafactory
A Chinese battery giant could pump billions into building Britain’s biggest gigafactory.
EVE Energy is in advanced talks to build a hub to make batteries for electric vehicles (EVs) at Coventry airport.
It will commit to investing at least £1.2billion into a 20 gigawatt-hour factory, according to The Sunday Times.
Kingfisher outlook warning
B&Q owner Kingfisher has issued an outlook warning for the third time in six months, as the home improvement retailer said it would fall short of analysts expectations after earning dropped 25 per cent last year.
The group, which also owns Screwfix in Britain and Castorama and Brico Depot in France and other markets, said it was cautious on the overall market outlook because of the time lag between improving housing demand and home improvement demand.
It forecast an adjusted pretax profit for 2024-25 of £490million to £550million, below market expectations of £60million.
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BUSINESS LIVE: Kingfisher outlook warning; Henry Boot eyes market improvement; Mobico German rail hit
