Kingfisher sees full-year profit at high end of guidance
Full-year adjusted pre-tax profit is forecast to be towards the higher end of the £910mln-£950mln guided range
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.
313 stories · page 5 of 16
Full-year adjusted pre-tax profit is forecast to be towards the higher end of the £910mln-£950mln guided range
FTSE 100 ends down despite positive retail and consumer confidence data
Archive
Retail sales and UK government borrowing will be important UK economic announcements out tomorrow.
The Worksop warehouse distributes stock to B&Q stores nationally
There are concerns that UK trading may return to pre-covid levels
The B&Q and Screwfix owner said that it had a good start to the second half of the year, with resilient demand across all markets
Retail investors can tap into the market of climate and sustainability-linked bonds, according to experts
The retailer will benefit from a lower interest rate if it delivers specific targets in line with its Responsible Business plan
First-half sales and profits guidance has been raised but that was not enough to please the market
It promises to another active Thursday for reporting and updates.
The owner of the do-it-yourself (DIY) chains B&Q, Screwfix, Castorama and Brico Depot reported a 7.2% rise in sales
Archive
The UK's index of leading shares closed up by around 17 points at 6,726, slightly off the earlier high of 6,732 and ahead of the 6,650 low
Archive
Also in the calendar are B&Q owner Kingfisher, polling group YouGov, housebuilder Bellway and catering firm Compass
The group's1,380 DIY stores in the UK, France, Poland, Romania and Spain are all open for in-store purchasing and click & collect
Kingfisher had expected £110mln of the business rates relief to fall in this financial year to end January 2021
The plan is to expand into the UK through its B&Q chain of stores
Sales for the two weeks to November 14, 2020, were up 13%, albeit down from 17% in the three months to October 31
The retailer had been looking for a buyer for two years
eCommerce sales represented 19% of group sales in the half-year compared to 7% a year earlier
Archive
There should also be a trading update from tour operator TUI