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Friday, November 21, 2008
Friday, November 21, 2008
Latest Procurement News
Posted: Friday, September 19, 2008, 11:00AM
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KNOWLEDGE MANAGEMENT TAGS
"Spend Management"
Cost cutting on cards for DIY giant
DIY Chain B&Q is set to launch a new cost cutting programme, despite announcing an increase in pre-tax profits.
The company’s owner Kingfisher, whose adjusted pre-tax profits rose to £214m in the six months to August, said that there were “very tough times ahead”, as trading conditions continued to worsen.
Chief executive Ian Cheshire said that the firm would take action to increase margins and better manage costs.
“We have delivered a solid set of results in a difficult period for customers,” he said.
“We continue to anticipate very tough times ahead, especially in the UK.”
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