Broker snap: Tough trading ahead for Kingfisher
2nd Jun 2011 11:12
Prime Markets has confirmed a 'sell' recommendation and target price of 248p for B&Q owner Kingfisher, saying that the shares have climbed "too far too quickly" over the last couple of months. On Thursday, the DIY retailer reported that retail profits grew 19.1% on sales up 3.3% during the 13 weeks
Read moreLondon open: Slide continues after US slump
2nd Jun 2011 08:22
Stocks have resumed yesterday's slide following a tumble on Wall Street last night. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the ye
Read moreLondon pre-open: Stuck in reverse
2nd Jun 2011 07:37
Another day of losses looks to be in prospect for London's leading stocks after US stocks headed lower last night. City traders predict the top-share index will open around 50 points down from last night's close of 5,929. Company results have provided some cheer, with platinum refiner Johnson Matt
Read moreWarm weather lifts Kingfisher
2nd Jun 2011 07:05
B&Q owner Kingfisher's sales were boosted by warm weather and the recent string of bank holidays, but the DIY retailer still sees a tough year ahead, particularly in Britain. In the 13 weeks to 30 April, total sales were up by 4.7% from a year ago at £2.73bn "boosted by favourable weather in our ma
Read moreThursday preview: Kingfisher, Johnson Matthey, ASOS
1st Jun 2011 17:50
Matrix Group has upgraded B&Q owner Kingfisher ahead of the retailer's first quarter results on Thursday, so it must be expecting good news. "The company has avoided the heavy promotion of Homebase, the UK's No.2, in the past year or so, and the results have been plain in high-teens profit growth.
Read moreBroker tips: Kingfisher, Man Group, Topps Tiles
1st Jun 2011 12:54
Matrix has hiked up its target price for B&Q owner Kingfisher ahead of its first quarter results, seeing more upside to come despite the recent share price run. Analyst Tom Gadsby says that the 31 ex-Focus stores acquired by Kingfisher in early May would add 2% to B&Q sales, "offsetting the headwin
Read moreBroker snap: Focus demise to benefit Kingfisher
1st Jun 2011 12:53
Matrix has hiked up its target price for B&Q owner Kingfisher ahead of its first quarter results, seeing more upside to come despite the recent share price run. The broker said that the first quarter figures themselves should be strong but notes that they are probably factored into the current shar
Read moreLondon close: Stocks hold on to gains
27th May 2011 16:46
Stocks held on to gains going into a long weekend, as Wall Street opened up higher. After a sharp rise in early trading, the Footsie maintained its level around the 5,930-40 mark for the rest of the day, helped by strong showings from the miners and the banks. Just seven stocks finished in the red.
Read moreFTSE 100 movers: Essar rises over 5% to lead risers
27th May 2011 14:10
Energy firm Essar Energy is topping the risers, making a +5% gain as of Friday afternoon. Meanwhile, Cairn Energy is the heaviest faller, edging just 0.5% lower. Only five stocks are in the red, all recording minor losses. The miners are tracking metals prices higher. Antofagasta, Kazakhmys, Rio Ti
Read moreLondon close: Higher finish after late recovery
25th May 2011 16:43
A late fightback sent the top share index into the blue ahead of trading's after an uncertain day's trading. There was little in the way of company news to move FTSE 100 stocks. Fashion retailer Next and B&Q owner Kingfisher are among the worst performers. Following suit is new kid on the block Gle
Read moreLondon midday: FTSE 100 still struggling to recover
25th May 2011 12:02
The top share index is seeking direction amid continued uncertainty following the slide on Monday. Fashion retailer Next and B&Q owner Kingfisher are among the worst performers. Following suit is new kid on the block Glencore, which is under the weather on its debut on the top-share index. On the
Read moreLondon open: Footsie slips 0.46% early on
25th May 2011 08:54
The Footsie has slipped into the red in early trading heading towards the 5,800 mark, offsetting the gains made yesterday. Fashion retailer Next and B&Q owner Kingfisher are among the worst performers. Following suit is new kid on the block Glencore, which is under the weather on its debut on the t
Read moreFTSE 100 movers: Investec leads the rise
19th May 2011 15:19
Shares in Investec rose sharply after the asset manager posted a rise in profits in the year to 31 March. The company, which operates in South Africa, the UK, Australia and other markets, said operating profit before tax £434.4m from £432.3m the previous year. Meanwhile Invensys, the engineering an
Read moreBroker tips: Kingfisher, Booker, Moss Bros
19th May 2011 12:47
Kingfisher, the B&Q and Screwfix owner, should report a strong first quarter, according to UBS, which raises its target price on the DIY retailer by 25p. "We expect the first quarter should be another strong showing from Kingfisher, helped by strong seasonal sales in the UK, further momentum in Fra
Read moreBroker snap: Strong figures expected at Kingfisher
19th May 2011 12:10
Kingfisher, the B&Q and Screwfix owner, should report a strong first quarter, according to UBS, which raises its target price on the DIY retailer by 25p. "We expect the first quarter should be another strong showing from Kingfisher, helped by strong seasonal sales in the UK, further momentum in Fra
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