The chairman of Kingfisher has put his money where his mouth is by spending almost £160,000 buying shares in the DIY group, days after insisting he backed the company’s unification plan despite the departure of its chief executive, Véronique Laury. Andy Cosslett, 63, insisted this week that the company behind Screwfix and B&Q was “wedded” to the “One Kingfisher” plan as it announced a 13 per cent fall in underlying pre-tax profit and the departure of Ms Laury, the architect of the strategy. The plan aims to unify and simplify the range of products in its European DIY businesses. The company said it wanted this plan to help to deliver an additional £500 million of profit a year by 2021, although this target has now…

Source: The Times March 23, 2019 00:04 UTC