focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 264.40
Bid: 226.00
Ask: 268.00
Change: 0.00 (0.00%)
Spread: 42.00 (18.584%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 264.40
KGF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Kingfisher makes strong start as Q1 sales and profits rise

Thu, 29th May 2014 07:01

- Retail profit up 20.3%- LFL sales climb 6.1%- £100m special dividend announcedDecent weather and a later-than-usual Easter helped DIY retailer Kingfisher lift profits by a fifth in its first quarter, as the company saw like-for-like (LFL) sales rise across the board.The company, which owns B&Q in the UK and Mr Bricolage in France, also announced a special dividend of 4.2p per share, equalling £100m, as part of the previously-announced £200m in total capital to be returned to shareholders this year.Retail profit climbed 20.3% on a constant currency basis to £142m in the three months ended May 3rd. As well as "favourable weather patterns" compared with last year, Kingfisher also said "encouraging underlying signs" in the UK and Poland helped to offset ongoing weak consumer confidence in France.Constant currency sales during the quarter were 9.2% higher at £2.78bn, though reported growth was limited to just 6.1% as foreign exchange movements pulled sales in France slightly lower.Nevertheless, LFL sales across the group increased by 6.1%, compared with the meagre 0.7% growth registered over the whole of the last financial year."We have made a strong start to the year, capitalising on more favourable weather conditions right across Europe to achieve sales and profit growth in France, the UK and Poland, our three largest markets," said Chief Executive Sir Ian Cheshire."Whilst this is encouraging, the first quarter is one of our smallest and the growth achieved largely reflects comparisons with the very difficult start to last year."He said that, as usual, the company will look at the first half as a whole to "properly assess" its underlying performance.BC
More News
7 Jun 2022 13:53

Europe retail stocks lower on Target's latest warning

LONDON, June 7 (Reuters) - European retail stocks fell sharply on Tuesday, spooked by U.S. retailer Target Corp slashing its quarterly margin forecast for the second time in less than a month.

Read more
30 May 2022 10:06

LONDON BROKER RATINGS: Numis cuts Flutter to reduce; RBC lowers DCC

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

Read more
26 May 2022 14:53

UK retail stocks rally on government's household support package

LONDON, May 26 (Reuters) - Shares in British retailers rallied on Thursday on hopes that a new 15 billion pound ($19 billion) package of support for households struggling to meet soaring energy bills will encourage them to keep spending.

Read more
26 May 2022 14:13

UK retail stocks rally on government's household support package

LONDON, May 26 (Reuters) - Shares in British retailers rallied on Thursday on hopes that a new 15 billion pound ($19 billion) package of support for households struggling to meet soaring energy bills will encourage them to keep spending.

Read more
25 May 2022 10:05

LONDON BROKER RATINGS: JPMorgan cuts Hikma; Liberum likes Trustpilot

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

Read more
24 May 2022 09:26

LONDON BROKER RATINGS: Peel cuts Royal Mail; SocGen lifts Kingfisher

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

Read more
24 May 2022 08:24

LONDON BRIEFING: Barclays launches delayed GBP1 billion share buyback

(Alliance News) - Barclays said it will kick off a GBP1.00 billion share buyback programme on Tuesday. The programme, initially announced in February, had been delayed in March after the bank admitted it sold more financial products to investors than it was allowed to.

Read more
23 May 2022 17:10

European shares end higher on upbeat German business morale, M&A cheer

May 23 (Reuters) - European shares ended decidedly higher on Monday as an unexpected rise in German business morale underscored the resilience of the region's largest economy, while wind turbine maker Siemens Gamesa jumped on a takeover offer.

Read more
23 May 2022 17:04

LONDON MARKET CLOSE: Stocks rise as Biden mulls lifting China tariffs

(Alliance News) - Stocks in London ended firmly in the green on Monday after US President Joe Biden said he was considering lifting some Trump-administration trade tariffs imposed on China.

Read more
23 May 2022 17:03

Financials, commodity stocks boost UK's FTSE 100

May 23 (Reuters) - UK's top share index rose on Monday, aided by gains in financials and strength in resource-linked shares, while home improvement retailer Kingfisher rose after posting upbeat quarterly results.

Read more
23 May 2022 12:06

LONDON MARKET MIDDAY: Biden mulls China trade war de-escalation

(Alliance News) - European equities kicked off the week in fine fettle, showing confident gains in morning trade on Monday, with the mood bolstered by news that US President Joe Biden is considering lifting some Donald Trump-era trade tariffs on China.

Read more
23 May 2022 09:52

LONDON BROKER RATINGS: Morgan Stanley cuts WPP to 'underweight'

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

Read more
23 May 2022 09:15

TOP NEWS: Kingfisher backs annual guidance on solid quarterly trading

(Alliance News) - Kingfisher PLC on Monday backed its guidance for financial 2023 on first-quarter results that met expectations and announced a return of surplus capital.

Read more
23 May 2022 08:52

LONDON MARKET OPEN: Market cheers Moongpig's new gifting foray

(Alliance News) - European equities made a confident start to the new trading week on Monday, for now setting aside the inflation and economic growth worries that have stifled markets in recent weeks and months.

Read more
23 May 2022 08:48

An upbeat start to the week for Europe

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

AN UPBEAT START TO THE WEEK FOR EUROPE (0747 GMT)

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.