Kingfisher Boss Promises to Raise Investor Returns ; Retail

Evening Standard - London › February 21, 2008

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Summary

NEW Kingfisher boss Ian Cheshire pledged to put the DIY group "on a diet" today as he seeks to conserve cash and boost returns to investors.

In his first trading update since taking over from the troubled reign of Gerry Murphy ousted late last year Cheshire took an aggressive stance and sought to fight off perceptions that the group is headed for a break-up.

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Kingfisher Boss Promises to Raise Investor Returns ; Retail

"There are no sacred cows, but our starting assumption is tha...

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