MARKET TALK: Kingfisher Update A Mixed Bag - Investec

22nd Jul 2010 10:13

0913 GMT [Dow Jones] Kingfisher's (KGF.LN) second-quarter update is a "mixed bag," Investec Securities analyst David Jeary says. Sales were generally weaker than forecast, apart from in France, Jeary says. He doesn't see consensus for full-year pretax profit of GBP693 million changing at this stage, but says foreign currency effects could yet have an impact. Hold rating and 235 pence target. Shares -1.4% at 220p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 22, 2010 05:13 ET (09:13 GMT)