60 B&Q stores to shut in shake-up
Home improvement chain B&Q is to close as many as 60 stores over the next two years as part of a restructuring of its UK and Ireland business.
Parent company Kingfisher, which also owns Screwfix, plans to axe about 15% of surplus space as a result of the review of its 360-strong B&Q estate.
The move was announced as it posted a 7.5% drop in annual profits to £675 million after sales fell by 1.4% to £11 billion in the year to January 31.
Osborne backs minimum wage rise
Minimum wage too low for London
Income tax threshold to rise in Budget 2014?