MARKET TALK: Kingfisher 2Q Sales Light; Margin Progress - UBS

22nd Jul 2010 07:26

0626 GMT [Dow Jones] Kingfisher's (KGF.LN) second-quarter sales are a little shy of expectations, but the group has made progress on margins, UBS analysts say. Say the group's comments suggest it is planning for cautious market in the face of uncertain macroeconomic conditions. Say the share could go down in line with overall market sentiment. Shares closed Wednesday at 223p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 22, 2010 02:26 ET (06:26 GMT)