Broker snap: Panmure hails strong cash flow at Kingfisher
Panmure Gordon has reiterated its 'buy' rating and 350p target price for B&Q owner Kingfisher after a more or less in-line set of results for 2012. Pre-tax profits fell 11% to £715m last year as the group was hit by the terrible weather at the start of 2012 (trimming profits by £25m) and a currency
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