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Story summary
- UK home improvement retailers are thriving on the London stock market as consumers turn to DIY projects amid a stagnant housing market.
- Kingfisher plc and Wickes have seen significant share price increases.
- Wickes has risen 56% this year.
- The closure of rival Homebase has boosted these retailers, while unemployment has reached a four-year high of 5.1% and Halifax reports improved affordability for buyers, with new buyer demand at its lowest since 2023.
