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Share Price Information for Kingfisher (KGF)

London Stock Exchange
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Share Price: 248.70
Bid: 248.90
Ask: 249.10
Change: 4.70 (1.93%)
Spread: 0.20 (0.08%)
Open: 245.40
High: 249.30
Low: 243.80
Prev. Close: 244.00
KGF Live PriceLast checked at -

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Government may force shops to close - reports

Mon, 23rd Mar 2020 14:11

(Sharecast News) - The UK is considering closing down non-essential retailers to reduce the spread of Covid-19, according to reports.
The BBC's Laura Kuenssberg tweeted on Monday morning that Boris Johnson's government was "considering next steps like closing non-essential retail or whether to start treating people flouting the stay-at-home advice as acting against the law".

Johnson has imposed restrictions on movement unwillingly and only ordered the closure of pubs, restaurants and other entertainment venues on Friday when people failed to heed requests to stay away. At the weekend shoppers queued at close quarters outside supermarkets and retail staff have complained about lack of protection as they serve hundreds of customers.

Kuenssberg, the BBC's political editor, updated her comments by saying the government was examining retail and travel footfall to see how much of an impact Friday's restrictions had. "Seems increasingly likely there will be further tightening by end of today," she tweeted.

Scotland's first minister, Nicola Sturgeon then told reporters too many people were going to work and that companies should consider closing non-essential businesses. Sturgeon has previously gone public on government decisions before Johnson's 5pm briefing.

A number or UK retailers have already closed their stores including Primark, John Lewis and Card Factory but others such as WH Smith and Kingfisher have said they plan to stay open. Waterstones, the bookseller, shut its 280 UK shops on Monday after employees protested about potentially being exposed to the virus through customers.

Britain has lagged behind countries such as France and Spain in restricting citizens' movement, leading to calls for tougher action as Covid-19 threatens to overwhelm the health service.

Keir Starmer, the favourite to be the next leader of the Labour party, said further action was needed to emulate those countries.

He said: "In these extraordinary times, the government must now set out further compliance measures, such as those introduced in other countries. These are vital days in the battle against the coronavirus."





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25 Apr 2024 20:30

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

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16 Apr 2024 12:01

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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.

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15 Apr 2024 07:44

Home improvement retailer Kingfisher names Claudia Arney as new chair

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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.

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11 Apr 2024 16:53

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11 Apr 2024 15:56

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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.

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

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