Kingfisher to expand in France through Mr Bricolage acquisition
3rd Apr 2014 07:08
B&Q and Screwfix owner Kingfisher has revealed that it is in exclusive negotiations to buy French home improvement retailer Mr Bricolage, which would add a third business to its two existing brands in the country. Kingfisher, which already operates in France through its Castorama and Brico Dépôt ch
Read moreWednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreLondon close: Stimulus hopes drive FTSE higher
25th Mar 2014 16:59
- FTSE closes up 84.50 at 6,604.89 - UK CPI falls to 52-month low - UK house price gains accelerate - Kingfisher leads gains techMARK 2,773.82 +0.72% FTSE 100 6,604.89 +1.30% FTSE 250 16,153.13 +0.83% It was a strong finish for the City today on the back of upbeat performances by a number of UK s
Read moreFTSE 100 movers: Kingfishers climbs on cash return plans
25th Mar 2014 15:21
Kingfisher, Europe's largest home improvement retailer, rose strongly after it said it would return 200m pounds to shareholders this year and expand into new markets after profits improved by a tenth in the 12 months ended February 1st. The company, which owns B&Q and Screwfix in the UK, said it wou
Read moreLondon midday: Stocks rebound from seven-week low as blue chips jump
25th Mar 2014 11:35
- Kingfisher, easyJet, Wolseley, RSA, Anglo rise strongly - Royal Mail falls after job cut plans - Miners rise on Chinese stimulus hopes - Economic data, Ukraine in focus techMARK 2,775.13 +0.77% FTSE 100 6,597.81 +1.19% FTSE 250 16,115.48 +0.60% Strong gains from a number of blue chips gave UK ma
Read moreLondon open: Stocks surge ahead of data, corporate earnings impress
25th Mar 2014 08:26
- Kingfisher, easyJet, 888 and RSA rise early on - UK inflation expected to ease - US economic data in focus later on - Russia out of G8, threaten more sanctions techMARK 2,777.09 +0.84% FTSE 100 6,579.14 +0.90% FTSE 250 16,121.26 +0.64% UK stocks surged on Tuesday morning ahead of a barrage of e
Read moreLondon pre-open: FTSE set for positive start after recent declines
25th Mar 2014 07:42
The City is poised for a modest rise this morning, ignoring a disappointing performance seen in the US and Asia overnight as European investors prepare to weather this current storm of choppy trading. Sources predict the FTSE 100 will open 14 points above yesterday's close of 6,520.39, which Lee M
Read moreKingfisher unveils cash return as profits improve
25th Mar 2014 07:06
- Multi-year capital return programme announced - Pre-tax profit up 9.8 per cent - Sales up 5.2 per cent Kingfisher, Europe's largest home improvement retailer, said it would return 200m pounds to shareholders this year and expand into new markets after profits improved by a tenth in the 12 months
Read moreFTSE 100 movers: Resolution drops sharply despite annual profit jump
18th Mar 2014 13:06
Insurance group Resolution Limited fell sharply on Tuesday after underwhelming investors as it marked the end of its three-year restructuring programme with a big jump in profits in 2013. Resolution, which was set up as an insurance buyout and restructuring group in 2008, also announced that two of
Read moreLondon close: Shares higher as traders still hoping for best in Crimea
17th Mar 2014 16:59
- FTSE closes up 40.46 at 6,568.35 - Help to Buy extended, Persimmon leads gains - Crimea votes to rejoin Russia, travel bans imposed techMARK 2,796.14 +1.11% FTSE 100 6,568.35 +0.62% FTSE 250 16,297.38 +1.07% The City ended today's session in a buoyant mood, lifted by a strong performance amongst
Read moreFTSE 100 movers: Persimmon lifted by 'Help to Buy' extension
17th Mar 2014 14:40
Housebuilder Persimmon was in the top spot after UK Chancellor George Osborne announced that he is extending the 'Help to Buy' mortgage guarantee scheme by a further four years. Investors were also responding to Rightmove data which showed that asking prices for homes in the UK rose by 1.6% month-o
Read moreBroker tips: Vodafone, Shell, Reed Elsevier...
17th Mar 2014 13:00
Vodafone's 7.2bn-euro offer for Spanish telecoms group Ono is a "vital strategic move", according to Jefferies, which said that a stabilisation of the UK group's business in Spain is now possible. "The clear positive from this morning [...] is that VOD is addressing a key strategic weakness proact
Read moreLondon midday: Stocks snap six-day losing streak after Crimea vote
17th Mar 2014 11:36
- Crimea votes to rejoin Russia - Russia-West tensions high after referendum - Housebuilders rise on Help to Buy, housing data - Glencore Xstrata leads miners higher, Vodafone gains techMARK 2,783.12 +0.64% FTSE 100 6,551.58 +0.36% FTSE 250 16,237.65 +0.70% UK stocks were performing well on Monday
Read moreCredit Suisse lifts Kingfisher target on DIY retail hopes
17th Mar 2014 09:43
Credit Suisse has lifted its target price for B&Q owner Kingfisher from 440p to 460p and reiterated its 'outperform' rating, raising hopes for demand amid an improving environment for DIY retail. "Most of the indicators in recent months have pointed to strengthening in home-related expenditure," th
Read moreFTSE 100 movers: Morrison leads supermarkets lower
13th Mar 2014 14:55
WM Morrison's share price dropped today after it issued a disappointing set of full-year results, with like-for-like sales falling 2.8 per cent. Chairman Sir Ian Gibson admitted that the company had been slow to adapt to the changing UK grocery market. The supermarket chain guided to an underlying
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