Rainfall dampens growth at Kingfisher
19th Jul 2012 07:04
Kingfisher, Europe's largest home improvement retailer, said it was hit by the extraordinary bad weather in the second quarter, though trading in the UK and Ireland was resilient. The B&Q owner said that group reported sales rose 3.7% in the 10 weeks to July 7th, but like-for-like (LFL) sales fell
Read moreThursday preview: Bad weather a ready excuse for retailers
18th Jul 2012 15:53
Thursday has a retail theme with Kingfisher, Halfords, Sports Direct and Mothercare all set to update the market. Do-it-yourself retailer Kingfisher is expected by broker Jefferies to give a solid second quarter update, despite the lousy weather recently. "A c.1% LFL [like-for-like] gain in both F
Read moreWeek Ahead: Sage, Vodafone, Kingfisher, BoE minutes
13th Jul 2012 14:09
Thursday is the big day for results next week with retail giants Sports Direct, Halfords, Kingfisher and Mothercare all set to update the market. Accountancy software behemoth Sage is first out to bat on Monday, however, with an interim management state (IMS) which will be followed on Tuesday with
Read moreBroker tips: IHG, Experian, Kingfisher
13th Jul 2012 11:18
Shares of InterContinental Hotels (IHG) were taken down a peg on Thursday after US peer Marriott scaled back its international revenue per available room (RevPAR) guidance; nevertheless, Investec has stayed positive on the British hotels firm, keeps its 'buy' rating and 1,700p target price. "Scepti
Read moreBroker snap: Kingfisher to shake off the rain, says Jefferies
13th Jul 2012 11:01
In a preview of Kingfisher's second-quarter update next week, Jefferies has retained its 'buy' recommendation and 360p target price for the do-it-yourself retailer. The broker is expecting a "solid' quarterly performance even though the UK saw triple the historical average number of rainy days and
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreKingfisher CEO sells incentive share scheme stock
3rd Jul 2012 17:00
Ian Cheshire, Chief Executive Officer of do-it-yourself retailer Kingfisher, has sold 994,482 shares in the company after earning them through the Performance Share Plan and the Kingfisher Incentive Share Scheme. Cheshire earned himself £2.87m after selling the shares for 288.42p each. He now has
Read moreThursday broker round-up
31st May 2012 09:26
Aviva: Nomura cuts target from 600p to 540p, buy rating unchanged. Babcock: Panmure Gordon downgrades from buy to hold, target left at 940p. BG Group: Jefferies reiterates buy stance and 2,000p target. BHP Billiton: Credit Suisse maintains outperform rating and 2,460p target. BT Group: Nomura ke
Read moreLondon open: Stocks rebound, Logica rockets after CGI bid
31st May 2012 08:34
- Logica jumps 64pc after bid - Eyes on Ireland as public votes on fiscal treaty - Eurobonds still a possibility The FTSE 100 rebounded on Thursday morning following a sharp fall the day before, but gains were only modest as uncertainty over the Eurozone continues to weigh heavily on investors' min
Read moreLondon pre-open: FTSE set for minimal gains in early trading
31st May 2012 07:32
City sources predict the FTSE 100 will open up six points from yesterday's close of 5,297, with investors expected to take a breather following significant sell-offs in both the UK and the US. Sweeteners firm Tate and Lyle returned full year profits bang in line with expectations as it saw steady
Read moreSoggy sales figures at Kingfisher
31st May 2012 07:02
It was a case of 'rain stops pay' at do-it-yourself retailer Kingfisher in the company's first quarter. Total sales in the 13 weeks to April 28th were down 3.6%, or 1.3% on a constant currency (CC) basis, from a year earlier at £2,632m, as poor weather across Europe affected footfall. Like-for-like
Read moreThursday preview: Kingfisher, Tate and Lyle
30th May 2012 16:44
Do-it-yourself retailer Kingfisher's first quarter earnings are set to confirm a weather-challenged UK performance and slowing trends in France, according to Jefferies, the US investment bank which bought venerable City broker Hoare Govett earlier this year. It thinks first quarter sales will be do
Read morePersistent inflation to postpone recovery in UK consumption
29th May 2012 08:16
In a research note published on Tuesday morning economists at Barclays explain to clients what has led them to push out their forecast for a recovery in private consumption, namely persistent inflation; something which has been oft commented by some Bank of England watchers of late. Thus, Barclay
Read moreLondon close: Gains erased as Spanish yields advance
28th May 2012 17:02
- Gains trimmed by the end of trade - Newsflow improves in Greece; New Democracy support increases - Spanish concerns weigh on sentiment London blue chips finished broadly flat on Monday as the initial optimism surrounding the Greek elections was outweighed in afternoon trade by ongoing concerns ab
Read moreWeek Ahead: Kingfisher results could be damp squib
25th May 2012 08:02
Monday is Memorial Day in the US, unofficially the start of summer, and there is a bit of a holiday feel in the UK, as well, with the flood of trading updates thinning out a little. AVEVA, the provider of engineering data and design information technology systems, will be announcing its preliminary
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