Kingfisher Share News (KGF)

IN BRIEF: Kingfisher completes GBP50 million tranche of share buyback

Kingfisher PLC - London-based DIY retailer and B&Q owner - Completes third tranche of its GBP300 million share buyback programme. BNP Paribas Exane, who undertook the third tranche on Kingfisher's behalf, buys 20.6 million shares for GBP50 million. As a result, Kingfisher has now returned GBP200 million of its GBP300 million share repurchase programme.

UPDATE: UK's CBI suspends policy and membership activities amid exodus

(Alliance News) - The Confederation of British Industry has said it will "suspend all policy and membership activity" until it can hold a meeting of its membership in June after dozens of its biggest supporters withdrew from the organisation.

CBI future in doubt as firms pull membership after second allegation

(Alliance News) - Some of the biggest companies in the UK have quit the Confederation of British Industry following a second rape allegation from a woman working for the business group.

LONDON BROKER RATINGS: UBS raises Antofagasta, Fresnillo to 'neutral'

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

Easing bank crisis fears help UK stocks rise, Fed meeting in focus

Kingfisher slides on dour forecast, falling profit

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LONDON MARKET CLOSE: Banks lead London higher as confidence returns

(Alliance News) - Stock prices in London closed sharply higher on increased confidence that a full-blown banking crisis has been avoided, following concerted action across the globe.

LONDON MARKET MIDDAY: Banking crisis fears calm; Fed decision looms

(Alliance News) - Stock prices in London were higher at midday on Tuesday, with banking stocks continuing to lead the rise in the FTSE 100 as market fears of a banking crisis subsided.

Crypto redemption

STOXX 600 up 1.5%

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LONDON BROKER RATINGS: Exane BNP raises Sainsbury to 'outperform'

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

LONDON MARKET OPEN: Banks at top of FTSE 100 as sentiment improves

(Alliance News) - Stock prices in London opened higher on Tuesday, with banks at the top of the FTSE 100 after a tumultuous few days for the financial sector.

European insurers have negligible exposure to AT1s

STOXX 600 up 1.4%

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TOP NEWS: Kingfisher suffers annual profit fall but maintains dividend

(Alliance News) - DIY retailer Kingfisher PLC on Tuesday reported a sharp drop in profit in its most recently ended financial year but said the performance was in-line with its expectations and guidance against a strong comparator year.

Financials prop up the STOXX

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FINANCIALS PROP UP THE STOXX (0844 GMT)

LONDON BRIEFING: Kingfisher's profit falls amid increased discounting

(Alliance News) - Stocks were set to open higher on Tuesday after the buyout of Credit Suisse by UBS at the weekend helped soothe worries of a full-blown banking crisis.

Kingfisher FY profits, revenues decline

(Sharecast News) - B&Q and Screwfix owner Kingfisher posted a drop in full-year profit on Tuesday as sales dipped, with trade normalising following a boost from the pandemic, and said profits are expected to fall again this year.