The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKingfisher Share News (KGF)

Share Price Information for Kingfisher (KGF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 246.30
Bid: 246.10
Ask: 246.30
Change: 2.30 (0.94%)
Spread: 0.20 (0.081%)
Open: 245.40
High: 246.90
Low: 243.80
Prev. Close: 244.00
KGF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's FTSE gains as miners rally

Thu, 18th Aug 2016 09:10

(ADVISORY- Follow European and UK stock markets in real time onthe Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

* Blue chip FTSE 100 up 0.2 pct

* Dollar falls after U.S. Fed minutes, miners gain

* Kingfisher, Kaz Minerals up after results

By Kit Rees

LONDON, Aug 18 (Reuters) - UK shares rose on Thursday,breaking a two-day losing streak after commodity-related stocksgained on the back of a weaker dollar.

The blue chip FTSE 100 index rose 0.2 percent to6874.03 points by 0858 GMT, in line with the broader risk-onmood across European markets.

The dollar softened after the minutes of the U.S. FederalReserve's July policy meeting showed that policymakers weredivided over whether to raise interest rates soon.

This helped support commodity-related stocks, asdollar-denominated commodities became cheaper for holders offoreign currencies.

Antofagasta, Anglo American, BHP Billiton and Glencore all rose between 2.2 percent and3.5 percent.

"We've had some comments in the minutes from the FederalReserve last night which ... were slightly more dovish thanexpected, so it's actually caused a bit of relief there becausethere were some fears that they were going to hike rates beforethe market's ready," said Jonathan Roy, advisory investmentmanager at Charles Hanover Investments.

The FTSE 100 index, however, was trading below a 14-monthhigh hit earlier in the week, having been supported by the Bankof England's decision to cut interest rates to a record low andby post-Brexit weakness in sterling.

"We've seen a rally very much based on quantitative easingfrom the Bank of England and expectations of maybe furthereasing going forward. However, as this story starts to die out,people are looking for new reasons and new catalysts to actuallypush the market to fresh highs from here," Roy added.

Home improvement retailer Kingfisher advanced 1.8percent after reporting an increase in sales over the threemonths, and said that it had seen no impact yet from Britain'sJune 23 vote to leave the European Union.

Companies trading with entitlement to their latest dividendpayment fell, however, with the likes of Pearson,British American Tobacco and Legal & General all trading in negative territory.

Among the mid-caps, a well-received set of second-quarterresults also boosted the shares of Kaz Minerals, whichjumped nearly 11 percent to touch a 4-month high.

"KAZ's cost-cutting efforts are bearing fruit, which,combined with a weaker tenge, resulted in profits beingpleasingly somewhat ahead of our expectations," Yuen Low,analyst at Shore Capital Markets, said in a note.

(Reporting by Kit Rees; editing by Mark Heinrich)

More News
25 Apr 2024 20:30

IN BRIEF: Kingfisher executive sells GBP217,000 worth of shares

Kingfisher PLC - London-based retailer with brands that include B&Q, Screwfix and Castorama - Henri Solere, chief offer and sourcing officer sells 87,432 shares at 249.25 pence each. Worth GBP217,924.

Read more
16 Apr 2024 12:01

CORRECT (Mar 15): Kingfisher promotes Deliveroo chair to be its chair

(Correcting that Claudia Arney is not stepping down as Deliveroo chair but from the board of Derwent London.)

Read more
15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

Read more
15 Apr 2024 08:19

TOP NEWS: Kingfisher promotes current Deliveroo chair to be its chair

(Alliance News) - Kingfisher PLC on Monday said Andrew Cosslett will step down as chair in June, after seven years in the role.

Read more
15 Apr 2024 07:49

LONDON BRIEFING: Mitie unveils buyback; Inchcape sells UK retail arm

(Alliance News) - London's FTSE 100 is set to open lower on Monday, in a risk-off start to the week following an escalation in the conflict in the Middle East, with lingering US interest rate worries also hurting enthusiasm.

Read more
15 Apr 2024 07:44

Home improvement retailer Kingfisher names Claudia Arney as new chair

LONDON, April 15 (Reuters) - European home improvement retailer Kingfisher said on Monday that Chair Andrew Cosslett will step down in June after seven years in the role and will be succeeded by non-executive director Claudia Arney.

Read more
15 Apr 2024 07:07

Kingfisher chair to step down in June

(Sharecast News) - B&Q and Screwfix owner Kingfisher has announced that chair Andrew Cosslett will step down after seven years at the helm of the board.

Read more
11 Apr 2024 16:53

LONDON MARKET CLOSE: Dwindling US Fed cut hope unnerves markets

(Alliance News) - Stock prices in London closed lower on Thursday, with a hawkish interest rate outlook for the Federal Reserve and geopolitical tensions hurting investor enthusiasm.

Read more
11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

Read more
11 Apr 2024 09:25

HSBC upgrades Kingfisher to 'buy'

(Sharecast News) - HSBC upgraded B&Q and Castorama owner Kingfisher on Thursday to 'buy' from 'hold' and lifted the price target to 305p from 235p.

Read more
11 Apr 2024 08:59

LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
11 Apr 2024 08:54

LONDON MARKET OPEN: European markets mixed ahead of ECB decision

(Alliance News) - European equities lacked direction early Thursday morning, ahead of an interest rate decision from the European Central Bank this afternoon.

Read more
27 Mar 2024 16:13

EARNINGS AND TRADING: Solid State ups outlook; Quartix trading in line

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.