MARKET TALK: Kingfisher Trading Statement 'Mixed' - Analyst

22nd Jul 2010 07:30

0630 GMT [Dow Jones] Kingfisher's (KGF.LN) 2Q pre-close trading statement is mixed, says an analyst. Says UK disappoints, with B&Q like-for-like total sales -4.3%. However, thinks France looks slightly better, with LFL sales +3.1%, supported by new products, updated stores and good weather. Notes the positive comments on gross margin, particularly in the UK, where gross margin percentage is up strongly compared to 1Q '10/'11 and compared to the full year before. Shares closed Wednesday at 223p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 22, 2010 02:30 ET (06:30 GMT)