2nd UPDATE: Kingfisher Shares Fall As 2Q Sales Decline
22nd Jul 2010 09:23
(Rewrites. Adds CEO, analyst comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in Kingfisher PLC (KGF.LN) fell Thursday as Europe's biggest home improvement retailer said it remains cautious on the outlook for consumer spending after reporting a fall
Read moreLondon open: Footsie follows US stocks lower
22nd Jul 2010 08:24
London's top stocks opened slightly lower on Thursday following falls on Wall Street overnight. US stocks fell back after Federal Reserve chairman Ben Bernanke's testimony to US congress. The Fed chief warned the economic outlook remains "unusually uncertain," but he gave few clues on what measures
Read moreMARKET TALK: Kingfisher 2Q UK Sales Disappointing - Arden
22nd Jul 2010 08:05
0705 GMT [Dow Jones] Kingfisher's (KGF.LN) second-quarter sales in the UK are "disappointing," Arden Partners analyst Nick Bubb says. The UK business is under pressure, but conversely, news on the group's sales progress in France is good. He says the share remains attractively valued. Add rating and
Read moreUPDATE: Kingfisher Cautious On Outlook As 2Q Sales Fall
22nd Jul 2010 07:49
(Adds company, analyst comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Kingfisher PLC (KGF.LN), Europe's biggest home improvement retailer, Thursday said it remains cautious on the outlook for consumer spending after reporting a fall in second-quarter same
Read moreKingfisher on track despite lfl sales drop
22nd Jul 2010 07:33
DIY retailer Kingfisher, which owns the B&Q chain in the UK, reported a small drop in like-for-like sales in the 10 weeks to 10 July, but said half year profits remain on track. Like-for-like sales were down 0.8%, with total sales up 0.3% in constant currencies. In the UK & Ireland, B&Q like-for-l
Read moreMARKET TALK: Kingfisher Trading Statement 'Mixed' - Analyst
22nd Jul 2010 07:30
0630 GMT [Dow Jones] Kingfisher's (KGF.LN) 2Q pre-close trading statement is mixed, says an analyst. Says UK disappoints, with B&Q like-for-like total sales -4.3%. However, thinks France looks slightly better, with LFL sales +3.1%, supported by new products, updated stores and good weather. Notes th
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jul 2010 07:30
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0630 GMT [Dow Jones] Kingfisher's (KGF.LN) 2Q pre-close trading statement is mixed, says an analyst. Says UK disappoints, wit
Read moreMARKET TALK: Kingfisher 2Q Sales Light; Margin Progress - UBS
22nd Jul 2010 07:26
0626 GMT [Dow Jones] Kingfisher's (KGF.LN) second-quarter sales are a little shy of expectations, but the group has made progress on margins, UBS analysts say. Say the group's comments suggest it is planning for cautious market in the face of uncertain macroeconomic conditions. Say the share could g
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jul 2010 07:26
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0626 GMT [Dow Jones] Kingfisher's (KGF.LN) second-quarter sales are a little shy of expectations, but the group has made prog
Read moreKingfisher Cautious On Outlook As 2Q Sales Fall
22nd Jul 2010 07:11
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Kingfisher PLC (KGF.LN), Europe's biggest home improvement retailer, Thursday said it remains cautious on the outlook for consumer spending after reporting a fall in second-quarter same-store sales. Chief Executive Ian Cheshire
Read moreMARKET TALK: RBS Initiates Coverage Of UK General Retailers
7th Jul 2010 07:55
0655 GMT [Dow Jones] Royal Bank of Scotland initiates coverage of UK general retailers, with a cautious stance. Expects the sector to come under consumer spending, cost and margin pressure, as austerity measures dampen confidence. Starts Home Retail Group (HOME.LN) at hold with 214p price target, sa
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 07:55
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0655 GMT [Dow Jones] Royal Bank of Scotland initiates coverage of UK general retailers, with a cautious stance. Expects the s
Read moreThursday's newspaper round-up: Bonus, BP, Tate & Lyle
1st Jul 2010 06:16
The EU says cash bonuses for bankers should be capped at 30 per cent of the total bonus, significantly tougher than the FSA's regime for British banks, which set the cap at 40 per cent for the most highly paid and 60 per cent for other senior staff, writes the Times. Top BP executives including Ton
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
25th Jun 2010 08:20
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0720 GMT [Dow Jones] Morgan Stanley downgrades Halfords (HFD.LN) and Kingfisher (KGF.LN) to equalweight from overweight; it k
Read moreMARKET TALK: M Stanley Revises UK Retail Sector Views >KGF.LN
25th Jun 2010 08:20
0720 GMT [Dow Jones] Morgan Stanley downgrades Halfords (HFD.LN) and Kingfisher (KGF.LN) to equalweight from overweight; it keeps its Halfords target at 540p but cuts Kingfisher to 225p from 240p. Even before the budget, there were signs UK consumer spending was under pressure, notes Morgan Stanley.
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