RBC Capital ups target for Kingfisher as homeware retailers look to fare better
The Canadian broker also raised its target price for Frasers Group but reduced that for WH Smith in a retail sector review
Company
Kingfisher PLC
LON:KGF
Kingfisher is Europe's leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Turkey and China.
312 stories · page 2 of 4
Kingfisher expects higher first half profits as second quarter sales bounce back
The owner of B&Q received a boost from soaring e-commerce sales as well as a phased reopening of its stores amid an easing of lockdown measures
Kingfisher sees annual profits hammered but sales spring back after coronavirus lockdown easing
“While the coronavirus crisis has obviously shifted our immediate priorities, we have continued to plan for the longer term and implement our new strategic plan,” said CEO Thierry Garnier
Kingfisher sees sales bounce back as customers flock to B&Q
Group revenues rose by 2.7% in the first week of May on a like-for-like basis
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FTSE 100 advances over 9% as markets bounce back amid US government stimulus hopes
Britain's blue-chip benchmark closed 452 points higher, or around 9% ahead at 5,446
PM mulls action against recalcitrant retailers to curb social activity
Most fast food and restaurant chains also said they would not be re-opening after tonight
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FCA results ban throws doubt over Kingfisher, AG Barr and Fevertree announcements
Over the weekend, the Financial Conduct Authority sent instructions to all listed companies to “observe a moratorium on the publication of preliminary financial statements for at least two weeks”
Kingfisher to keep UK stores open but final dividend scrapped
In the third week of March, UK sales were positive but France was badly hit
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FTSE 100 closes firmly lower and below 5,000 despite Fed's latest move
Britain's blue-chip benchmark finished down over 196 points, or 3.79% at 4,993
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Kingfisher, Fevertree and United Utilities to report incoming week as BoE meets in shadow of coronavirus
A batch of March PMI surveys from around the world on Tuesday will give a key indicator of the global economic fallout from coronavirus
Kingfisher hammers costs as French, Spanish stores close due to coronavirus
The DIY retailer said it was cutting operating expenditure, reducing stock purchases, stopping all but essential capital expenditure, and making use of tax payment and other government relief measures
Kingfisher sales slide as new boss stops "distracting" projects
The B&Q owner's new boss said he was drawing up a longer-term plan to “refocus on our customers, simplify our model, embrace digital and return our business to growth”
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FTSE 100 closes lower ahead of Fed minutes as trade worries persist
Britain's blue-chip benchmark closed down around 61 points at 7,262, while FTSE 250 shed around 53 points at 20,475
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Kingfisher to fly in with trading update on Wednesday
The third quarter update from the owner of B&Q will be the first outing of new CEO Thierry Garnier, who took over in September
Kingfisher hires Bot to continue board transformation
Bernard Bot's appointment comes in the wake the September departure of former CEO Veronique Laury, whose three-year transformation plan failed to fix the fortunes of the FTSE 250 company
Kingfisher boss ends tenure with a whimper as profits sink
The FTSE 100 DIY retailer blamed a poor performance in France and sales declines at B&Q for a 6.4% drop in pre-tax profits
Fed rates decision and UK inflation data to dominate macro news on Wednesday
The Fed previously cut rates in July for the first time since the 2008 financial crisis
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Central bank decision week: Bank of England to stand pat, Federal Reserve to cut interest rates
On the company front, the market will hear from Kingfisher, Ocado, Next, Warpaint and Smiths Group
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Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
Kingfisher appoints Carrefour executive Thierry Garnier as new boss
Kingfisher said Thierry Garnier stood out from a strong list of candidates
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FTSE 100 closes higher led by defensive stocks
Footsie closed up 39 at 7,259, while mid-cap cousin FTSE 250 went the other direction, shedding over six points to close at 19,065
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Aviva and CMC Markets in spotlight for busy Thursday
Investors look forward to a strategy update from Aviva's new boss, meanwhile, they are braced for CMC Markets results after the recent profit warning.
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US jobs data, ECB policy decision to make for up meagre flow of corporate news in coming week
Asides from the macro news, the Week Ahead also brings the latest quarterly FTSE indexes reshuffle, a strategy update from insurer Aviva, and results from Auto Trader
Kingfisher weak as it gets off to slow start, with France 'mixed' at best
"At this early stage of the year our expectations for the full year are unchanged, and we remain confident in our ability to deliver significant financial benefits over time," the DIY retail chain said
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FTSE 100 closes higher as Trump trade fears ease
The mid-cap FTSE 250 was also a shade higher - adding around two points at 19,369
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More turbulence likely from first-half numbers from travel firm TUI on Wednesday
Aside from the TUI numbers, blue-chip firms including DIY stores group Kingfisher, contract caterer Compass Group and credit checking firm Experian will also issue updates on Wednesday
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FTSE 100 closes higher as US president talks up trade deal
The UK index of leading shares closed up around ten points at 7,271, while the FTSE 250 added 66 points at 19,531
Next, M&S, Kingfisher, WH Smith and Dunelm shares to benefit from improved retail outlook, says RBC
RBC’s preferred stocks are Next and Primark owner Associated British Foods
Morgan Stanley downgrades Kingfisher to ‘equal-weight', says no longer sees the shares as "attractive"
Morgan Stanley’s analysts noted the group's decision to search for a new CEO to continue with its current ‘One Kingfisher’ strategy, which they have been sceptical about ever since it was introduced four years ago
B&Q owner Kingfisher downgraded by Credit Suisse after 2018 profits plunge
Credit Suisse downgraded its recommendation on Kingfisher to ‘neutral’ from ‘outperform’ and cut its target price to 240p from 255p
Kingfisher CEO Véronique Laury to leave as the B&Q owner posts slump in 2018 profit
“As the transformation approaches its final year, I believe it is right for someone else to lead the next phase of the ONE Kingfisher journey," said chief executive Véronique Laury.
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FTSE 100 closes firmly in red as traders flee risk ahead of Fed statement
The UK blue-chip index finished down nearly 33 points lower at 7,291
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Macro focus on Wednesday with Fed rate decision and UK inflation data expected
The Fed released a statement in January that suggested it was no longer sure if it would continue raising borrowing costs, after hiking rates four times in 2018
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Retail results to vie with 'Meaningful' Brexit vote, UK, US rate decisions, and key data
DIY stores owner Kingfisher, clothing retailer Next, plus troubled fashion firm Ted Baker will report full-year results, with trading updates due from internet grocer Ocado and online fashion group ASOS
Lloyds added to JPMorgan Cazenove’s European Best Equity Ideas Overweight List
JPMorgan's European Best Equity Ideas list summarises the bank’s EMEA Equity research team’s views and top picks, covering both strategy and sector contributions
Kingfisher weak as RBC cuts rating to ‘underperform’, expects earnings downgrade cycle to continue
The Canadian bank’s analysts reduced their pre-tax profit and earnings per share forecasts for the owner of B&Q and Screwfix stores by around 4%-6% for full-year 2019/20
Investments and investor services
FTSE 100 nudges lower at close as China growth worries hit stocks
The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
McColl’s opts for experience as it appoints Robbie Bell as new CFO
Robbie Bell is the current CEO of motorway services operator Welcome Break, having previously held high-up finance positions at Tesco and Screwfix
Investments and investor services
FTSE 100: The good, the BATS and the Ocado in 2018
For Ocado, it was a case of "eat my shorts" as short sellers got burnt while for BATS, not enough cigarettes got burnt as e-cigarettes rose in popularity
B&Q owner Kingfisher to exit Russia, Spain and Portugal as third-quarter sales fall
The owner of B&Q and Screwfix posted a 1.3% drop in third-quarter like-for-like sales, led by a weak performance at French DIY store Castorama
FTSE 100 closes firmly to the good despite EU tensions
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
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Pre-Thanksgiving smorgasbord as plethora of blue-chips report
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
FTSE 100 closes lower as UK politics, Brexit remain the focus
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
B&Q owner Kingfisher in the red as RBC remains cautious on the stock, cuts target price
RBC prefers Next and WH Smith and has an 'outperform' rating on these stocks
FTSE 100 closes higher as US stocks surge
The UK's premier index closed up around 36 points at 7,367.
Break up of Kingfisher “cannot be ruled out” if transformation fails, says analyst
Hargreaves Lansdown's George Salmon said disposals and spin-offs could be on the table if the firm failed to unify its branches under the turnaround plan
B&Q owner Kingfisher dragged down by French business once again in first half
This article could have been written last night: Solid growth in the UK more than offset by continued in France
Investments and investor services
FTSE 100 closes higher as trade fears ebb; Kingfisher leads the laggards
The FTSE 100 closed nearly 31 points higher at 7,331, while FTSE 250 added over 42 at 20,500
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Kingfisher feeling blue across La Manche
DIY retailer Kingfisher has seen a decent performance by B&Q and Screwfix blighted by seemingly irreparable problems at its Castorama chain in France
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UK inflation and retail sales data eyed, plus trading updates from Kingfisher and Ocado
Aside from the UK data and the retail updates, the Week Ahead will also bring news from the likes of Diageo, Dairy Crest, Smiths Group, Lamprell, and SIG
Anglo Asian Mining shares fly higher as it takes steps to identify new targets
A look at some of the top risers and fallers in London on Thursday
FTSE 100 finishes lower as BoE keeps rates on hold; sterling gains
The UK benchmark index of leading shares finished down nearly 32 points at 7,281
Kingfisher replaces head of struggling French division with boss of B&Q UK & Ireland
Mark Tenart will be succeeded as the boss of Kingfisher's French division by Christian Mazauric, the chief executive of B&Q UK & Ireland
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Airlines under pressure after IAG's British Airways unit hit by data theft
A look at some of the biggest risers and fallers in the London market on Friday
Whitbread faces pressure to prove merits of Premier Inn as standalone business
“Whitbread investors may miss the caffeine highs Costa serves up," Hargreaves Lansdown said of the group's decision to sell the coffee chain to Coca-Cola
Brokers turn negative on Kingfisher as scorching summer does little to offset underlying growth issues
A trio of investment banks cut their target prices for the firm as it became clear that the sales recovery in the second quarter had relied too much on the unusually hot UK weather
FTSE 100 closes higher but only just as trade tensions continue
The Footsie closed the day in positive territory, just, but was down on the week as a whole
Hot weather boosts sales at B&Q owner Kingfisher in second quarter
Kingfisher boss Véronique Laury said the group has taken further action at Castorama France as the DIY store sales continue to lag
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FTSE 100 closes firmly higher as investors fret less on China/US relations
The UK blue-chip benchmark closed up over 58 points at 7,556, while its mid-cap cousin FTSE 250 added almost 142 points
Investments and investor services
Lloyds and HSBC go ex-div, but has the BBQ summer saved Kingfisher’s first half?
Investors in the B&Q owner will be hoping for a BBQ boost sufficient to offset the springtime freeze.
FTSE 100 closes in red as traders fret about Turkey crisis
The UK benchmark of leading shares closed down over 24 points at 7,642.
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Heatwave should provide a lift for BBQ and garden products at retailer Kingfisher
Aside from the DIY retailer's numbers, the Week Ahead diary includes updates from miner Antofagasta, and motor insurers Admiral and esure, plus a raft of key UK data
Citigroup ups Kingfisher to ‘neutral’ from ‘sell’ as Households survey points to slightly better UK environment
Citigroup's analysts said: “Our UK Household cashflow points to a slightly better UK environment and our 1200 respondent UK consumer survey points to a slightly better year ahead for DIY than the previous 12 months"
FTSE 100 closes in red as resource stocks lag and Brexit debate goes on
With the Trump-Kim meeting and various pieces of economic data behind us, all eyes are turning to Parliament, which is set to vote on amendments to the EU Withdrawal Bill today and tomorrow
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Housebuilders in focus on Tuesday, but fashion updates eyed too
The day ahead includes updates from housebuilders Bellway and Crest Nicholson, plus trading news from fashion group Ted Baker and online clothing firm Boohoo.com
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All eyes to be on trading news from Tesco - although investors have to wait until Friday
Aside from a first-quarter update from Tesco, the week ahead will include an annual meeting for rival Morrison's, plus the latest US Federal Reserve and ECB policy meetings
UK home improvement chain Homebase sold to Hilco for nominal sum by Wesfarmers
Wesfarmers did not disclose a price for the disposal but said the UK exit would bring a loss of up to £230mln this year
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FTSE 100 closes higher but gives up gains; sterling hit on Brexit worries
Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
Beast from the East and weak UK consumer demand hurts Kingfisher sales
Kingfisher's B&Q stores in the UK and Castorama stores in France were the worst performers in the first quarter
Investments and investor services
FTSE 100 joins global equities to head lower as geopolitical worries weigh
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
Investments and investor services
Kingfisher and Tate & Lyle key names in diary as spotlight falls on UK consumer
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
FTSE 100 continues record-breaking run but big retailers lag
The UK blue chip index closed around 18 points higher at 7,877
Investments and investor services
FTSE 100 propelled to new record close as pound weakens and Dow Jones breaches 25,000
FTSE 100 reached a new record close on Monday after achieving it last time on Thursday
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Retailers in focus for coming week, with Marks & Spencers, Kingfisher, and Halfords set to update
Aside from the retails, the week ahead includes results from utilities Pennon PLC, Severn Trent PLC, United Utilities PLC, and SSE PLC, plus updates from Ryanair PLC and Britvic PLC, and the latest UK inflation numbers
Morgan Stanley upgrades UK equities to ‘overweight’ despite Brexit uncertainty
Equities should benefit from higher commodity prices and rising corporate activity, Morgan Stanley said.
Investments and investor services
FTSE 100 closes down as Wall Street remains in the red but rebounds from earlier low
Wall Street recovered from earlier lows but still remain in negative territory
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Glencore reports first quarter production in wake of freeze orders served on DRC assets
The day ahead includes quarterly updates from Glencore and Smith & Nephew
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Asia to drive quarterly earnings growth at HSBC and Standard Chartered
Another busy week of earnings from FTSE 350 companies awaits
Investments and investor services
FTSE 100 plunges 1.23% to below 7,000 after BoE rate decision
In the currency markets, the pound is up 0.13% against the Euro, but down 0.20% against the US dollar.
Kingfisher profits fall as weak sales in France continue to drag on performance
Kingfisher is “aware of the challenges ahead” but expects to reach the targets under under its five-year restructuring plan
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FTSE 100 closes in the red as markets jittery ahead of Fed interest rate decision
The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.
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B&Q stores chain Kingfisher to provide hints to health of UK retail sector with full-year results
The day ahead includes full-year results from FTSE 100 DIY retailer Kingfisher PLC, plus the latest Federal Reserve rate decision, and UK unemployment and average earnings data
Investments and investor services
FTSE 100 closes nearly 1.7% lower as Brexit deal strengthens sterling
FTSE 100 closed down 121 points at 7,042, joining other European benchmarks, which saw red
FTSE 100 succumbs to global profit-taking, closes firmly in red
The UK blue chip index closed down 108.45 points at 7.334, which had been the session low
Investments and investor services
FTSE 100 closes in red but broadcaster ITV shines
Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower - down around 58 points at 20,185.
Investments and investor services
Prospex Oil and Gas boosted by new discovery, Petro Matad pinched by US$16mln placing
A look at some of the top risers and fallers in London today.
Investments and investor services
FTSE 100 closes on a high but latest UK stats weigh on retailers
Turns out it was a blue Christmas for the UK retail sector, with sales data showing a worse than expected December period.
Brexit could hamper turnaround of Carpetright and other UK retailers, says Deutsche Bank
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
ASOS upgraded by Deutsche Bank as part of New Year review of retail sector
Deutsche Bank has identified a number of themes for the retail sector: continue to favour online clothing sellers over bricks & mortar operations; beware of "value traps" and turnaround plays
FTSE 100 closes in red as UK manufacturing growth slows more than expected
The FTSE 100 gave up some of the gains made on its recent record-breaking run, with the pound's rise partially to blame
FTSE 100 closes 2017 at fresh record; Wall Street continues to power north
London shares closed at new records as traders now turn attention to 2018
Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
Jefferies International gives Kingfisher a boost with rating upgrade following trading update
In a note to clients, Jefferies’ analysts upped their stance for Europe’s leading home improvements retailer to ‘buy’ from ‘hold’ and raised their price target to 400p from 310p
Investments and investor services
Webis Holdings, Billby both leap after posting a return to profit
A look at some of the biggest risers and fallers in the London market today
Kingfisher posts fall in third quarter sales as weak performance in France offsets strong growth at Screwfix
Europe's largest home improvement retailer reported a 0.5% fall in group like-for-like sales for the three months to October 31, although that was an improvement on a second quarter fall of 1.9%
FTSE 100 closes slightly higher as European stocks end in positive territory despite German political uncertainty
The FTSE 100 managed to turn away from earlier losses to edge slightly higher at the close
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EasyJet to report lower full year profits amid tough competition and higher costs
The day ahead includes full year results from EasyJet and a trading update from Kingfisher
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Week ahead: UK Budget, EasyJet, Kingfisher, Mothercare, William Hill, United Utilities
The week ahead centres on the Autumn Budget but also sees updates from EasyJet, William Hill, Kingfisher, United Utilities, Mothercare and Fuller Smith & Turner
Kingfisher gets a boost as Goldman Sachs ups its rating to 'buy' on efficiency hopes
The bank raised its target price for the FTSE 100-listed stock to 375p from 300p, which implies around 18% upside to Friday’s closing price
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FTSE 100 closes in red as pound strengthens; BoE in focus
Around 4pm, the UK blue chip index fell 14 points to 7,490 as the Bank of England's interest rate decision looms