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UK stocks rose for the fifth straight session on Monday and were set to hit a two-week high with the so-called 'Santa Rally' finally taking hold ahead of a shortened trading week. London's FTSE 100 was trading 0.8% higher at 6,598 in early deals. It has not closed above this mark since 8 December.
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(Adds detail) LONDON, Dec 22 (Reuters) - Home improvement group Kingfisher said on Monday it had agreed to sell a 70 percent stake in its loss-making B&Q China business to Wumei Holdings Inc for 140 million pounds ($219 million). The agreement follows Kingfisher's announcement in Mar
Read moreUK stocks are set to jump strongly when markets open on Monday morning, extending their recent winning streak into a fifth straight day ahead of a shortened trading week. City sources predict the FTSE 100 will open 50 points higher than Friday's close of 6,545.27. The index surged 4% over the past
Read moreLONDON, Dec 22 (Reuters) - Home improvement group Kingfisher has agreed to sell a 70 percent stake in its B&Q China business to Wumei Holdings Inc for 140 million pounds ($219 million), it said on Monday. The agreement follows Kingfisher's previous announcement of its plans to look for a s
Read moreHome improvement retailer Kingfisher has agreed to sell a controlling 70% stake in its B&Q China business to Wumei Holdings for £140m. The transaction, which is still subject to approval from the Chinese Ministry of Commerce, should be finalised in the first six months of 2015, the group said, addin
Read moreBP will shed middle managers and put projects on hold as it deals with the falling price of oil, the Sunday Times reported. Finance Director Brian Gilvary told the paper headcounts were falling across all operations and that it would cut the estimated price of oil it uses for budgeting. Gilvary said
Read moreA slight recovery in oil prices wasn't enough to ease the pressure on the energy sector on Friday, though stocks in London erased losses by the end of trade as shares in the travel and retail sectors jumped. "Clearly firms with a focus on consumer spending will be indirect beneficiaries of increase
Read moreRetailers including Kingfisher and Sports Direct were performing well on hopes that Black Friday sales will be strong. Investors were also expecting the drop in oil prices to give consumer spending a boost, as falling petrol prices freed up disposable income. Also higher were the share prices of com
Read more** Strong gains from UK retailers as "Black Friday" shopping frenzy imported from U.S. takes hold both in store & online ** Police called to cope with surging crowds & fights over sharply discounted goods as UK retailers fully embrace "Black Friday" promotions for 1st time ** Number o
Read moreThe UK stock market dropped on Friday as shares in the energy sector dropped after the recent slump in crude on concerns about a global oversupply of oil. Oil producers and energy services stocks were extending losses made the previous session with crude prices set to register their steepest weekly
Read moreLondon's FTSE 100 ended Tuesday's session more or less where it started with stocks in the retail sector limiting gains while investors digested a string of important economic data. A disappointing third-quarter update from Kingfisher saw shares in the DIY retailer slump, while the supermarket secto
Read moreShares in Kingfisher declined after the B&Q and Screwfix owner saw like-for-like (LFL) sales fall in the third quarter as decent growth in the UK and Ireland was offset by falling sales in its largest market, France. LFL sales declined 0.9%, compared with 1.8% growth in the first half. The supermark
Read moreUK stocks edged higher on Tuesday, though gains were being limited by falls in the heavyweight resources sector and a drop in the share price of DIY retailer Kingfisher. The FTSE 100 trading 0.1% higher at 6,737 by midday, though was underperforming stocks across Europe with the STOXX Europe 600 ind
Read more* Q3 retail profit 225 mln pounds, down 11.8 pct * Q3 total sales 2.82 bln pounds, down 3.6 pct * Q3 UK/Ireland lfl sales up 2.6 pct, France down 4.0 pct * Shares down 3.4 pct, down 20 pct so far this year (Adds detail, CEO, analyst comment, shares) By James Davey
Read moreAn "uninspiring" trading update from DIY retailer Kingfisher on Tuesday is unlikely to change analysts from sitting on the fence about the stock, according Hargreaves Lansdown Stockbrokers. Kingfisher's share price had fallen 4.1% by 11:16 after the company reported group sales of £2.82bn in the 13
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