Annual results from B&Q owner Kingfisher will be in focus for investors on Tuesday, which come fresh off the news that the DIY retailer has abandoned its deal to buy French chain Mr Bricolage. The €275m planned purchase, first announced last summer, was scuppered at the last hurdle after some major
Read more(Adds Mr Bricolage reaction, shares resumption, Kingfisher closing share price) By James Davey and Dominique Vidalon LONDON/PARIS, March 30 (Reuters) - Kingfisher, Europe's largest home-improvement retailer, has ditched its planned purchase of French DIY chain Mr Bricolage, it said on
Read moreLondon's Footsie managed to hold on to gains by the close on Monday, snapping a four-day losing streak, as hopes for stimulus in China and strong economic data gave sentiment a boost. The FTSE 100 finished up 0.53% at 6,891.43, though it remains well below its record closing high of 7,037.67 reached
Read morePARIS, March 30 (Reuters) - French DIY chain Mr Bricolage confirmed the collapse of its acquisition by British rival Kingfisher on Monday and said its shares would resume trading on March 31. Kingfisher said it was considering its options earlier on Monday after the failure of the deal wit
Read moreKingfisher surged after revealing its deal to acquire French rival Mr Bricolage will not go ahead as a result of shareholder and board opposition to the terms of the deal. Some Mr Bricolage franchisees are thought to fear the store closures that would be necessary for Kingfisher to win regulatory ap
Read more** Kingfisher top FTSE 100 riser, up 2.9 pct following reports of management reshuffle at home improvement unit ** Move comes after FT reports B&Q head to leave DIY chain as part of shake-up of Kingfisher under new chief exec Véronique Laury Source link: http://on.ft.com/1HTjRbI ** B
Read moreKingfisher's acquisition of its French rival MrBricolage was scuppered by resistance from the latter's franchisees. ANPF, the organisation controlled by the franchisees, refused to grant an extension to the 31 March deadline for the €275m acquisition to receive approval from the French competition a
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