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Kingfisher

News

Reuters - 3 days ago

UK retail warns of inflation, job losses from budget, seeks Reeves meeting

UPDATE 1-UK retail warns of inflation, job losses from budget, seeks Reeves meeting Over 80 retail bosses sign letter to finance minister Say retail faces 7 bln stg in extra annual costs from 2025 Wants to work with government to find solution Adds latest number of signatories paragraph 2, comment from spokesperson for Prime Minister Keir Starmer 7 and 8 By James Davey LONDON, Nov 19 (Reuters) - Britain's biggest retailers have written to finance minister Rachel Reeves to warn her that last mont
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Reuters - 3 days ago

UK retail warns of inflation and job losses from budget, seeks Reeves meeting

UK retail warns of inflation and job losses from budget, seeks Reeves meeting Seventy-nine retail bosses sign letter to finance minister Say retail faces 7 billion pounds in extra annual costs from 2025 Want to work with government to find solution LONDON, Nov 19 (Reuters) - Britain's biggest retailers have written to finance minister Rachel Reeves to warn her that last month's budget will make both higher prices and job losses a certainty and dent investment.
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Reuters - 1 week ago

UK retailer Homebase falls into administration with 2,000 jobs at risk

UPDATE 2-UK retailer Homebase falls into administration with 2,000 jobs at risk Teneo appointed administrators of Homebase Up to 70 stores sold to The Range owner CDS Deal secures up to 1,600 jobs Talks with interested parties continue on remaining 49 stores No immediate redundancies Adds detail on jobs, paragraphs 1-2, CEO comments 7-8 By James Davey LONDON, Nov 13 (Reuters) - Up to 2,000 jobs are at risk after British home improvement retailer Homebase called in administrators who immediately
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Reuters - 4 weeks ago

British Land appoints David Walker as finance chief

UPDATE 1-British Land appoints David Walker as finance chief Adds background Oct 23 (Reuters) - Commercial property firm British Land BLND.L on Wednesday named insider David Walker as its chief financial officer (CFO) , replacing outgoing finance chief Bhavesh Mistry. Walker, w ho has worked at British Land for over seven years and has served as chief operating officer since 2021, will take up his new role on Nov.
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Reuters - 4 weeks ago

UK home improvement retailer Wickes posts Q3 revenue growth on pent-up demand

UPDATE 1-UK home improvement retailer Wickes posts Q3 revenue growth on pent-up demand Adds background and LFL sales growth in paragraph 3,4 Oct 22 (Reuters) - Home improvement retailer Wickes WIX.L reported a 2.1% growth in group revenue on Tuesday as customers caught up on outdoor projects that were pushed by the wet weather during spring and early summer in Britain.
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Reuters - 1 month ago

UK stocks slip as some companies trade ex-dividend; GSK shines

UPDATE 1-UK stocks slip as some companies trade ex-dividend; GSK shines For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window GSK rises after settlement of 80,000 Zantac litigations Precious metal miners jump on gold surge FTSE 100 down 0.1%, FTSE 250 off 0.6% Updated at 1550 GMT By Shubham Batra and Khushi Singh Oct 10 (Reuters) - The UK's main stock indexes slipped on Thursday as some of the companies traded without the entitlement of their
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Reuters - 1 month ago

UK Stocks-Factors to watch on Oct 10

UPDATE 1-UK Stocks-Factors to watch on Oct 10 Adds new items, updates futures Oct 10 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.2%. * TRITAX EUROBOX: Brookfield Asset Management BAM.TO has agreed to buy Tritax EuroBox EBOX.L for 1.1 billion pounds ($1.44 billion), including debt, kicking off a possible takeover battle for the European logistics real estate firm.
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Reuters - 1 month ago

UK Stocks-Factors to watch on Oct 10

UK Stocks-Factors to watch on Oct 10 Oct 10 - Britain's FTSE 100 .FTSE index is seen opening higher, with futures FFIc1 up 0.29%. * GSK: GSK GSK.L has agreed to pay up to $2.2 billion to settle most lawsuits in U.S. state courts claiming that a discontinued version of the heartburn drug Zantac caused cancer, the company announced on Wednesday. * METALS: Copper prices rose in London on Thursday, rebounding from a two-week low hit in the previous session, as traders and investors awaited a China b
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Reuters - 1 month ago

Imperial Brands, Kingfisher, Nestle SA

EUROPE RESEARCH ROUNDUP-Imperial Brands, Kingfisher, Nestle SA Oct 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Imperial Brands , Kingfisher and Nestle SA, on Wednesday. HIGHLIGHTS * Aixtron AIXGn.DE : Deutsche Bank cuts to hold from buy * ING INGA.AS : Deutsche Bank cuts to hold from buy * Imperial Brands IMB.L : JP Morgan raises target price to 2,600p from 2,250p * Kingfisher KGF.L : HSBC raises target price to 360p from 305
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Reuters - 2 months ago

UK consumers take fright as new government warns of pain, survey shows

UPDATE 1-UK consumers take fright as new government warns of pain, survey shows Recasts, combines with ONS data stories By William Schomberg LONDON, Sept 20 (Reuters) - Prime Minister Keir Starmer's warnings about the state of the British economy and the likely need for tax increases in next month's budget have caused consumer confidence to plunge this month, according to a survey published on Friday.
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Reuters - 2 months ago

UK retail sales rise by more than expected in August

UPDATE 1-UK retail sales rise by more than expected in August Adds details LONDON, Sept 20 (Reuters) - British retail sales rose by a stronger-than-expected 1% in August and growth in July was revised up, of ficial figures showed on Friday. E conomists polled by Reuters had forecast a monthly rise of 0.4% in sales volumes last month . T he Office for National Statistics said sales volumes in July rose by a revised 0.7%, up from a previous estimate of a 0.5% month-on-month increase.
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Reuters - 2 months ago

BMW, Kingfisher, Spectris

EUROPE RESEARCH ROUNDUP-BMW, Kingfisher, Spectris Sept 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Kingfisher and Spectris, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : Citigroup raises to neutral from sell * Entain ENT.L : Berenberg raises target price to 1,030p from 1,020p * Kingfisher KGF.L : Citigroup raises target price to 301p from 292p * Spectris SXS.L : HSBC cuts to hold from buy * Whitbread WTB.L : Goldman Sachs cu
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Reuters - 2 months ago

FTSE 100 hits two-week high, Kingfisher surges

UPDATE 1-FTSE 100 hits two-week high, Kingfisher surges For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.4%, FTSE 250 adds 0.1% FTSE 100 touched highest levels since Sept. 3 Kingfisher sees improving sales trends, shares jump Essentra warns on annual profit, shares slump Defense stocks dip as Ukraine's allies consider ceasefire Updated at 1550 GMT By Khushi Singh and Lisa Pauline Mattackal Sept 17 (Reuters) - The FTSE 100 ro
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Reuters - 2 months ago

Can Trump weaken the dollar?

LIVE MARKETS-Can Trump weaken the dollar? STOXX 600 up 0.7% Kingfisher soars on results Central banks in focus Wall St futures inch up Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com CAN TRUMP WEAKEN THE DOLLAR? The impact of U.S. presidential elections on the greenback is a topic of intense debate among analysts.
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Reuters - 2 months ago

Europe's STOXX 600 at two-week closing high in lead-up to Fed rate decision

UPDATE 2-Europe's STOXX 600 at two-week closing high in lead-up to Fed rate decision For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Kingfisher jumps after raising bottom-end of profit forecast Spain's benchmark hits over nine-year high Ryanair gains after CEO says sees better momentum in bookings STOXX 600 up 0.4% Updated at 1600 GMT By Shubham Batra and Shashwat Chauhan Sept 17 (Reuters) - Europe's STOXX 600 recorded its highest closin
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Reuters - 2 months ago

STOXX on the up

LIVE MARKETS-STOXX on the up STOXX 600 up 0.5% Kingfisher soars on results Central banks in focus Wall St futures inch up Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOXX ON THE UP Gains spread across all sectors helped European shares get off to a positive start on Tuesday as investors geared up for the Federal Reserve to start its easing cycle this week.
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Reuters - 2 months ago

London stocks rise on US rate cut optimism, Kingfisher boost

REFILE-London stocks rise on US rate cut optimism, Kingfisher boost Corrects to Tuesday, from Monday, in paragraph 1 FTSE 100 up 0.7% Sept 17 (Reuters) - The FTSE 100 rose to a two-week high on Tuesday, lifted by increasing bets of a larger U.S. interest rate cut and strength in domestic retail shares after an improved forecast from Kingfisher KGF.L .
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Reuters - 2 months ago

Kingfisher hits over 2-yr high after raising bottom end of profit forecast

BUZZ-Kingfisher hits over 2-yr high after raising bottom end of profit forecast ** European home improvement retailer Kingfisher's KGF.L shares up 6.5% at 309.30 pence; stock at highest level since February 2022 ** Stock top gainer on London's main index .FTSE ** Raises the bottom end of its profit outlook for the full year, saying that while deman
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Reuters - 2 months ago

UK Stocks-Factors to watch on Sept 17

UPDATE 1-UK Stocks-Factors to watch on Sept 17 Updates futures, adds new items in bullet 1-3 Sept 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0 .76%. * FLUTTER: British gambling technology firm Playtech PTEC.L has agreed to sell its Italian unit Snaitech for 2.3 billion euros ($2.56 billion), including debt, to the world's largest betting company Flutter Entertainment FLTRF.L .
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Reuters - 2 months ago

Home improvement retailer Kingfisher sees improving sales trends

UPDATE 3-Home improvement retailer Kingfisher sees improving sales trends First half underlying profit down 0.5% Kitchen and bathroom demand weak Improving sales trend for seasonal products Expects full year profit of 510-550 mln stg Shares rise 7% Adds shares in paragraph 2, CEO comments in paragraphs 5-8 By James Davey LONDON, Sept 17 (Reuters) - B&Q and Castorama owner Kingfisher KGF.L lifted the bottom end of its annual profit outlook, saying that while demand for 'big-ticket' home improveme
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