** Kingfisher down 2 pct & 2nd biggest loser among Stoxx 600 retail stocks after Europe's largest home improvement retailer sets out its strategic plans that will hit profits over 2 yrs ** Co says it plans to increase sustainable annual profit by 500 mln stg in 5 yrs & return 600 mln stg of
Read more(ShareCast News) - B&Q owner Kingfisher announced a five-year transformation programme on Monday, saying it plans to deliver a £500m sustainable annual profit uplift by the end of the process. The company, which operates Castorama and Brico Depot in France, said it also plans a capital return of
Read more(ShareCast News) - UK equities are seen starting the day on the front-foot following following another strong rebound on Wall Street last Friday and gains overnight on the main Asian bourses. All eyes are on the price of oil, as its crash is increasingly considered, alongside Chinese policy moves, a
Read moreLONDON, Jan 25 (Reuters) - Kingfisher, Europe's largest home improvement retailer, said on Monday it was targeting a 500 million pounds ($715 million) increase in sustainable annual profit in five years time. In a statement released ahead of a presentation to investors and analysts on the f
Read more(ShareCast News) - B&Q owner Kingfisher got a boost on Thursday as Bank of America Merrill Lynch upgraded the stock to 'buy' from 'neutral', with an unchanged 380p price target as it pointed to recent share price weakness. The bank also said the capital markets day on 25 January could be a positive
Read more(Adds Wesfarmers statement) By Paul Sandle LONDON, Jan 13 (Reuters) - British takeover target Home Retail said on Wednesday it was in advanced talks to sell its Homebase home improvement stores to Australia's Wesfarmers for 340 million pounds ($490 million) in cash, allowing it to foc
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