Despite a juddering fall in the Kingfisher share price from a new year peak, several trends — think continued working from home and rising inflation — are going the DIY specialist’s way. Those shares fell by 30p at one stage after last week’s annual results, but they’ve recovered their equilibrium since at about 264p amid further consideration of figures that revealed £13.2 billion of sales for the year to January 31, up 9.9 per cent like-for-like on 2020-21, and a £1 billion statutory pre-tax profit, up by a third.
The past two years have established a direct correlation between home working and home improvement. Just as the 2020 and 2021 Covid lockdowns encouraged DIY, so the latest resurgence of the disease and better weather
