FTSE 100 closes 55 down and UK mid-caps plunge; BoE raises prospect of rate rise
FTSE 100 closed down 55 at 7,419 as retail shares took a beating
Company
Kingfisher PLC
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: Credit Suisse lends support to B&Q retailer, but cuts its forecasts and price target
The Swiss investment bank blamed the disruption caused by bringing in new product lines and technology had been greater than expected.
Kingfisher drops as first-quarter like-for-like sales fall 0.6%, hit by weak trading in France
In a trading update for the quarter to April 30, the FTSE 100-listed firm said its like-for-like sales fell by 5.5% in France, but were up 3.5% in the UK and Ireland
Investments and investor services
FTSE 100 closes higher as traders await Fed minutes
The FTSE 100 index closed up 29.61 at 7,514 with easyJet the biggest gainer
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Marks & Spencer's chief needs good news on clothing
Analysts are worried clothing arm is relapsing in spite of vow to fix it by Steve Rowe
FTSE 100 closes below 7,500; Marks & Spencer top riser
The pound has given up some of its recent gains, which has helped the internationally-focused firms on the FTSE 100
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Marks & Spencer's womenswear woes under scrutiny again as retailers dominate
Week ahead: Marks & Spencer, Dixons Carphone, Kingfisher, De la Rue...
Kingfisher lifted by rating upgrade from HSBC, but other retailers downgraded
The bank has raised its stance for the B&Q chain owner to ‘buy’ from 'hold’ with an increased price target of 440p, up from 380p previously
BP ticks higher as shareholders back CEO's reduced pay at AGM
A look at some of the biggest London-listed risers and fallers today
FTSE 100 closes in positive territory as traders brush off potential threats
The index of blue-chip shares fell six points to 7,108.53.
Next sees recent post-results rally curtailed by downgrade in rating from Exane
In a note on the UK general retail sector, Exane cut its stance on the FTSE 100-listed firm back to ‘underperform’ from ‘neutral’ and reduced its target price by 5% to 3,700p after the recent “bounce”
Barclays Capital starts coverage on raft of retailers notably Kingfisher with 'underweight'
One suspects Barclays Capital has just employed a new team covering retail stocks with initiations of coverage across the board
FTSE 100 closes down as Washington gets most attention
London traded sideways with attention on Donald Trump's attempt to get a key healthcare pledge through Congress
Kingfisher dives again as bearish brokers come out of the woods
The DIY retailer was one of the biggest fallers on the FTSE 100 again today
FTSE 100 closes higher with retailer Next top riser
FTSE 100 was three points higher at 7,238, Next rises strongly.
City broker: ‘Sell Kingfisher as no sign of French market upturn’
Kingfisher blamed a downturn in the French DIY market for the poor performance across the channel, and Haitong reckons that’s a problem which could persist for some time
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Trending: Taxi for the diesel cab as new Coventry plant opens
Electric black cabs, Thames Water, Tessco pulls Heineken brands and Kingfisher underwhelms
Kingfisher: Time to sell off its French business?
The solid performance in the UK has been overlooked today, as investors continue to fret over the growth (or lack of) in France
Kingfisher turnaround plan on track; but warns on France outlook
Screwfix was the star performer, but the French businesses underperformed
Investments and investor services
FTSE 100 closes lower; London hit by terror attack
The top share index closed lower as details of a terror incident in central London emerged