Kingfisher profits fall as weak sales in France continue to drag on performance
Kingfisher is “aware of the challenges ahead” but expects to reach the targets under under its five-year restructuring plan
Company
LON:KGF
Kingfisher is Europe's leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Turkey and China.
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Kingfisher is “aware of the challenges ahead” but expects to reach the targets under under its five-year restructuring plan
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The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.
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The day ahead includes full-year results from FTSE 100 DIY retailer Kingfisher PLC, plus the latest Federal Reserve rate decision, and UK unemployment and average earnings data
Investments and investor services
FTSE 100 closed down 121 points at 7,042, joining other European benchmarks, which saw red
The UK blue chip index closed down 108.45 points at 7.334, which had been the session low
Investments and investor services
Footsie finished down over 43 points at 7,490, while FTSE 250 was also lower - down around 58 points at 20,185.
Investments and investor services
A look at some of the top risers and fallers in London today.
Investments and investor services
Turns out it was a blue Christmas for the UK retail sector, with sales data showing a worse than expected December period.
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
Deutsche Bank has identified a number of themes for the retail sector: continue to favour online clothing sellers over bricks & mortar operations; beware of "value traps" and turnaround plays
The FTSE 100 gave up some of the gains made on its recent record-breaking run, with the pound's rise partially to blame
London shares closed at new records as traders now turn attention to 2018
Investments and investor services
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
In a note to clients, Jefferies’ analysts upped their stance for Europe’s leading home improvements retailer to ‘buy’ from ‘hold’ and raised their price target to 400p from 310p
Investments and investor services
A look at some of the biggest risers and fallers in the London market today
Europe's largest home improvement retailer reported a 0.5% fall in group like-for-like sales for the three months to October 31, although that was an improvement on a second quarter fall of 1.9%
The FTSE 100 managed to turn away from earlier losses to edge slightly higher at the close
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The day ahead includes full year results from EasyJet and a trading update from Kingfisher
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The week ahead centres on the Autumn Budget but also sees updates from EasyJet, William Hill, Kingfisher, United Utilities, Mothercare and Fuller Smith & Turner
The bank raised its target price for the FTSE 100-listed stock to 375p from 300p, which implies around 18% upside to Friday’s closing price