B&Q and Brico Depot owner Kingfisher saw shares jump after replacing its chief executive as it reported flat profits due to currency volatility, although it said the buoyant UK housing market had lifted demand for DIY products. Housebuilder Barratt Developments was higher after it pledged to return
Read moreB&Q owner Kingfisher cheered investors with upbeat results but is still facing challenges to turn itself around, according to Hargreaves Lansdown. Kingfisher, which also owns French DIY chains Brico Depot and Castorama, on Wednesday reported flat profits of £364m due to currency translation and said
Read moreLondon's FTSE 100 had erased earlier losses and was trading in positive territory by Wednesday lunchtime, helped by decent gains from Kingfisher, Barratt Developments and precious metal stocks. However, upside was being limited by falls from Sports Direct and a host of blue chips that went ex-divide
Read more* Veronique Laury to succeed Ian Cheshire as CEO by Jan. 2015 * Cheshire, CEO since 2008, says it is right time to step down * Posts flat first half pretax profit of 364 mln stg * Strong Q1 offset by weaker Q2, August trade picked-up * Shares rise up to 4.6 pct (Adds CEO
Read moreUK equity markets declined on Wednesday morning with ex-dividend stocks providing a drag, along with poorly-received trading updates from the likes of Sports Direct and London Stock Exchange (LSE). The FTSE 100 was trading down 0.4% at 6,803 within the opening hour. London stocks were also tracking
Read moreLondon-listed stocks are expected to open lower at Wednesday's opening bell, tracking losses seen in both the US and Asia overnight. City sources predict the FTSE 100 will open around 12 points lower than Tuesday's close of 6,829.00. Data published in Asia overnight revealed that China's money supp
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