London pre-open: Stocks seen lower as investors continue to digest Brussels attacks
23rd Mar 2016 07:37
(ShareCast News) - London stocks were set to open lower on Tuesday following a mostly negative session in Asia as investors continue to digest the terror attacks in Brussels. The FTSE 100 is seen starting 25 points lower than Tuesday's close at 6,167. "While travel and hotel stocks took a bit of a
Read moreKingfisher FY profits rise slightly; cautious on France outlook
23rd Mar 2016 07:07
(ShareCast News) - Full year adjusted pre-tax profits at home improvement retailer Kingfisher rose 0.3% to £686m as revenues fell 2.6% to £10.3bn. Retail profit up was up 7.4% to £746m in constant currencies. "In the short term, the fundamentals of the UK economic backdrop remain positive, although
Read moreWednesday preview: Kingfisher reports full year results
22nd Mar 2016 13:10
(ShareCast News) - Home improvement retailer Kingfisher reports its full year results on Wednesday, with analysts pencilling in a 4% drop in pre-tax profit to £688m amid a restructuring. The owner of B&Q and Screwfix is preparing to face increased competition from Homebase following its sale by Home
Read moreFTSE 100 movers: RBS up on job cuts, miners suffer
15th Mar 2016 14:23
(ShareCast News) - The FTSE 100 was in the red in afternoon trading on Tuesday, off the back of lower oil prices and predictions from OPEC that global demand for the cartel's crude would be less than previously expected in 2016. Leading the risers was Royal Bank of Scotland, which had revealed furth
Read moreFTSE 100 movers: Miners drive market down, led by Antofagasta
9th Feb 2016 14:04
(ShareCast News) - The FTSE 100 sank further on Tuesday, with the blue-chip market down 75.98 points (1.34%) to 5,613.38 by mid-afternoon. Antofagasta led the fallers after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed the price target to 250p from 440p on the back of lower
Read moreFTSE 100 movers: Anglo American surges as Blackrock increases stake
5th Feb 2016 14:26
(ShareCast News) - The FTSE 100 was set to finish the week just in the black, up 1.32 points (0.02%) to 5,900.08 points by mid-afternoon on Friday. Anglo American led the risers for the second day running, while its sector peers were tracking the other way. It followed shares in Anglo rising on Thur
Read moreTuesday newspaper share tips: Not convinced by Kingfisher's transformation plan
26th Jan 2016 10:39
(ShareCast News) - Kingfisher's transformation plan announced on Monday didn't convince The Times' Tempus on Tuesday. The B&Q owner announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustainable annual profit uplift by the end of the process. However, it wa
Read moreBroker tips: Tesco, Kingfisher, Lloyds
25th Jan 2016 15:16
(ShareCast News) - Tesco may be slapped with a fine of up to £500m by the Serious Fraud Office over its £326m accounting black hole, according to Cantor Fitzgerald analyst Mike Dennis. He said the SFO's findings, possible fines and trading restrictions on Tesco, after an investigation launched in 2
Read moreFTSE 100 movers: Investors not happy with Kingfisher's transformation programme
25th Jan 2016 14:05
(ShareCast News) - The FTSE 100 started the week in the red, with the blue chip market down 21.22 points (0.36%) to 5,878.79 by mid-afternoon Monday. Shares in Kingfisher dropped after the B&Q owner announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustaina
Read moreInvestec retains 'sell' rating on Kingfisher
25th Jan 2016 12:27
(ShareCast News) - Kingfisher's 'sell' rating was reiterated and its target price was put under review by Investec on Monday after the company announced a five-year transformation programme. The owner of home improvements retailer B&Q said it plans to deliver a £500m sustainable annual profit uplift
Read moreKingfisher targeting £500m annual profit uplift
25th Jan 2016 07:31
(ShareCast News) - B&Q owner Kingfisher announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustainable annual profit uplift by the end of the process. The company, which operates Castorama and Brico Depot in France, said it also plans a capital return of
Read moreLondon pre-open: Stocks to start higher with traders focused on oil, central banks
25th Jan 2016 07:22
(ShareCast News) - UK equities are seen starting the day on the front-foot following following another strong rebound on Wall Street last Friday and gains overnight on the main Asian bourses. All eyes are on the price of oil, as its crash is increasingly considered, alongside Chinese policy moves, a
Read moreKingfisher rallies as BofA ML highlights reasons to be cheerful
21st Jan 2016 10:40
(ShareCast News) - B&Q owner Kingfisher got a boost on Thursday as Bank of America Merrill Lynch upgraded the stock to 'buy' from 'neutral', with an unchanged 380p price target as it pointed to recent share price weakness. The bank also said the capital markets day on 25 January could be a positive
Read moreBroker tips: Equiniti, Kingfisher, Next, British Land, Land Securities
7th Dec 2015 13:52
(ShareCast News) - Equiniti was "far more" than a registrar and could look forward to profitable growth, a top broker said at the start of the week. It was a leader in growth markets, with the potential addressable market forecast to grow at a compound annual growth rate of 6% over 2014-19, Credit S
Read moreKingfisher slips on Nomura downgrade
7th Dec 2015 09:10
(ShareCast News) - B&Q owner Kingfisher was under pressure after Nomura downgraded the stock 'reduce' from 'neutral' and trimmed the price target to 335p from 340p as it took a look at the general retail sector. The bank said it has no issues with Kingfisher's proposed unifying strategy as a means o
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