Kingfisher To Move Into European Cities With Smaller Stores - Reuters
21st Jun 2010 00:24
DOW JONES NEWSWIRES Kingfisher PLC (KGF.LN) Chief Executive Ian Cheshire said his home improvements retail chain will expand into European cities with smaller stores, Reuters reported Tuesday. The company is already experimenting with the concept in France and Russia, and is likely to bring
Read more2nd UPDATE: Home Retail Shares Plunge As Argos Underperforms
10th Jun 2010 12:11
(Rewrites, adds CEO and analyst's comments, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Home Retail Group PLC's (HOME.LN) shares fell sharply Thursday as the U.K. general merchandise retailer said lower demand for televisions and video games at its Argos chain
Read moreUPDATE: Home Retail Says Outlook Uncertain As Sales Fall
10th Jun 2010 07:47
(Re-writes, adds detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--General merchandise retailer Home Retail Group PLC (HOME.LN) Thursday warned the economy remains uncertain and reiterated that it targets flat year-on-year profitability after posting falling first-qu
Read moreHome Retail Sales Fall; Outlook Uncertain
10th Jun 2010 07:17
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--General merchandise retailer Home Retail Group PLC (HOME.LN) Thursday posted falling first-quarter same-store sales, warned the economy remains uncertain and reiterated that it targets similar profitability this fiscal year to last
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
8th Jun 2010 10:59
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0959 GMT [Dow Jones] S&P Equity Research cuts Kingfisher (KGF.LN) price target to 240p from 250p. S&P Equity cites revised
Read moreMARKET TALK: S&P Equity Research Cuts Kingfisher Price Target
8th Jun 2010 10:59
0959 GMT [Dow Jones] S&P Equity Research cuts Kingfisher (KGF.LN) price target to 240p from 250p. S&P Equity cites revised forecasts and multiples, due to lower-than-expected sales and retail profit performance from French operations. Still, S&P Equity reckons the underlying story remains intact and
Read moreNew Kingfisher exec swoops for shares
7th May 2010 11:45
Andrew Bonfield, who was appointed to the board of Kingfisher in February, has opened his account with the home improvement retail group. The non-executive director bought 10,000 shares at 245.15p a time in the B&Q owner, paying a total of £24,515. Bonfield was the chief financial officer of Cadbu
Read moreFTSE 100 movers: Ex-dividend adjustments knock market
5th May 2010 16:00
Footsie is making an attempt to recover this afternoon but it remains well down. This is despite a recovery in the BP share price after Panmure Gordon upgraded the oil company from a sell to a buy. BP shares went ex-dividend today so the rise is even more impressive. The quarterly dividend is 9.22
Read moreFTSE 100 movers: Positive oils can't stop fall
28th Apr 2010 15:25
Strong figures from Royal Dutch Shell have also boosted the share price of fellow oil company BP but this has not been enough for FTSE 100 to hang on to positive territory. The banks, which were the worst performers earlier in the day, have recovered the majority of their earlier losses but remain
Read moreLondon close: Footsie finishes in the red
13th Apr 2010 16:16
Footsie finished slightly in the red but recovered from earlier lows as the benchmark index slumped in the afternoon following a poor start on Wall Street. US aluminum producer Alcoa fell after revenue came in short of expectations, which weighed on the mining sector in the UK. Kazakhmys, Fresnill
Read moreLondon afternoon: Losses pared
13th Apr 2010 14:25
Footsie perked up over the lunch time session despite expectations of a weak start on Wall Street. Retail sales data has given a boost to retailers such as Kingfisher, Marks & Spencer, Next and Tesco. UK retail sales in March rose at their fastest rate in almost four years thanks to the earlier t
Read moreSector movers: Sales rise offsets Debenhams caution
13th Apr 2010 12:47
Retailers have come into focus and it appears that is a rise in sales across the sector in March rather than a rise in profits at Debenhams that has lifted sentiment. UK retail sales in March rose at their fastest rate in almost four years thanks to the earlier timing of Easter this year, new figur
Read moreFTSE 100 movers: Kingfisher flies high
13th Apr 2010 12:44
Retail sales data has given a boost to retailers such as B&Q owner Kingfisher, clothes retailers Next and Marks & Spencer and the supermarkets Sainsbury's and Tesco. Sales in March rose at their fastest rate in almost four years thanks to the earlier timing of Easter this year, new figures from the
Read moreLondon midday: Equities drift lower
13th Apr 2010 12:07
Mining stocks remain a drag on the Footsie but retailers see some support following the release of upbeat retail sales data. UK retail sales in March rose at their fastest rate in almost four years thanks to the earlier timing of Easter this year, new figures from the British Retail Consortium show
Read moreLondon close: Footsie retreats from 21-month high
7th Apr 2010 17:18
An attempted rally by blue-chip stocks petered out in the final hour of trading and the Footsie finished close to its low for the day. Miners were a drag on the index throughout the day though gold miner Randgold Resources was a bright spot. Hedge fund giant Man was the best performer. Last night
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