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Pin to quick picksKingfisher Share News (KGF)

Share Price Information for Kingfisher (KGF)

London Stock Exchange
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Share Price: 249.40
Bid: 249.60
Ask: 249.80
Change: 0.00 (0.00%)
Spread: 0.20 (0.08%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 249.40
KGF Live PriceLast checked at -

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London close: East meets West as Nikkei picks up FT

Thu, 23rd Jul 2015 17:57

(ShareCast News) - The sale of the FT Group by Japan's Nikkei livened up an otherwise lacklustre day in terms of economic data or news-flow.In an e-mail sent to subscribers Nikkei announced the £837m deal, which analysts saw as a bold bid by the Asian media group to break out of its home market.The Footsie ended the day 12.33 points lower at 6,655.01.Central banks back in focusActing as a backdrop, markets' focus was slowly shifting towards next week's US Fed policy meeting, as some analysts began to ponder the potential scenarios should the central bank flag its intention to raise rates in September.On a related note, in an exclusive interview with Market News International the Monetary Policy Committee's Ian Mc Cafferty said the MPC's "clear cut" 8 July decision not to raise Bank Rate was adopted just when the uncertainty around events in Greece was at its height, but since then confidence in the euro area had improved.The rate-setter, a well-known hawk on the MPC, placed weight on the strength seen in total UK earnings while emphasising the central bank should not fear an appreciation in sterling in reaction to a rate hike.Data out earlier in the day revealed that the volume of retail sales in the UK unexpectedly dropped in June at a 0.2% month-on-month pace (consensus: 0.4%).Nonetheless, analysts at Barclays were dismissive, telling clients that: "Given that we expect the increase in claimant count to be temporary only, taking into account the strength in GfK consumer confidence and highlighting that the higher frequency momentum is positive, we believe that this month's weakness in retail sales will be reversed next month."More ECB QE in store?Overnight, Greece's parliament gave its approval to a new package of economic reforms, clearing the way for the start of negotiations on a third bail-out package.Commenting on the vote, which took place in the early hours of Thursday morning, Barclays said: "We think the situation in Greece will remain fluid and the implementation of the third bailout will be challenging. More worrisome, we think the Greek crisis has this time altered the irreversibility of the monetary union, which will require action to speed up integration, along the lines of the 'Five Presidents report'.With inflation in the Eurozone set to remain below its target for longer than expected and as the Greek crisis rolled on Barclays added that the European Central Bank would be forced to extend its programme of bond buying beyond the expected end date of September 2016."Pearson set to hive off FT GroupJapan's Nikkei has bought the Financial Times and associated business titles from Pearson for £844m. Alex Springer had been said to be leading the running for the purchase, according several reports, including the Financial Times' own story on talks. Fallon said the agreement did not include FT Group's London property at One Southwark Bridge nor Pearson's 50% stake in The Economist Group.Shares in Aberdeen Asset Management fell sharply after the company reported net outflows in the nine months to 30 June of £9.9bn, as institutional investors continue to reduce exposure to Asia and emerging markets equities.Sales slowed in the first quarter at SABMiller as declines in Europe, Asia Pacfic and North America held back drinks volume growth in Latin America and Africa. Group net producer revenue (NPR) grew by 3% on flat beverage volumes, down from the 5% growth seen last year.Kingfisher, which owns home improvement retailer B&Q, delivered a solid second-quarter sales performance across all its major businesses, albeit against softer comparatives than in the first quarter. In its pre-close update for the 10 weeks to 11 July, the company posted a 4.8% rise in total sales at constant currency, or 3.5% in like-for-like terms.Royal Bank of Scotland has agreed to dispose a portfolio of loans as part of a move to strengthen its balance sheet. The bank will receive around £400m offloaded to an entity funded by Deutsche Bank and funds affiliated with Apollo Global Management, trousering a profit of around £24m after costs.Britvic announced the acquisition of Brazilian soft drinks company Empresa Brasileira de Bebidas e Alimentos (Ebba) for around £113.6m. The transaction, which will be partly funded from the proceeds of a placing of new ordinary shares, provides Britvic with immediate access to the sixth largest soft drinks market and the largest concentrates market globally.SSE reported increased production in all of its divisions apart from coal, as the company said it expects lower profits from its energy supply business this year but higher profit from its management and generation business.Market MoverstechMARK 3,179.26 +0.57%FTSE 100 6,655.01 -0.18%FTSE 250 17,619.10 -0.15%FTSE 100 - RisersARM Holdings (ARM) 1,015.00p +4.64%Shire Plc (SHP) 5,640.00p +3.20%Pearson (PSON) 1,234.00p +2.07%Kingfisher (KGF) 374.40p +2.02%Unilever (ULVR) 2,905.00p +1.61%Persimmon (PSN) 1,987.00p +1.48%Severn Trent (SVT) 2,158.00p +1.41%CRH (CRH) 1,899.00p +1.23%United Utilities Group (UU.) 885.50p +1.20%Relx plc (REL) 1,104.00p +1.01%FTSE 100 - FallersAberdeen Asset Management (ADN) 369.10p -7.61%SSE (SSE) 1,507.00p -5.04%Glencore (GLEN) 220.05p -3.49%Ashtead Group (AHT) 974.50p -3.23%Sainsbury (J) (SBRY) 266.60p -2.20%Royal Bank of Scotland Group (RBS) 353.40p -1.78%Standard Chartered (STAN) 978.70p -1.72%Marks & Spencer Group (MKS) 527.00p -1.50%Weir Group (WEIR) 1,545.00p -1.47%BP (BP.) 401.00p -1.38%FTSE 250 - RisersAO World (AO.) 129.00p +6.17%Acacia Mining (ACA) 243.70p +4.73%Ted Baker (TED) 3,190.00p +3.20%Betfair Group (BET) 2,703.00p +2.54%Spectris (SXS) 1,973.00p +2.49%Redefine International (RDI) 54.95p +2.14%Bellway (BWY) 2,375.00p +1.98%Man Group (EMG) 155.60p +1.97%Berkeley Group Holdings (The) (BKG) 3,311.00p +1.94%Countrywide (CWD) 541.00p +1.69%FTSE 250 - FallersHowden Joinery Group (HWDN) 474.80p -8.34%TalkTalk Telecom Group (TALK) 330.20p -7.17%Kaz Minerals (KAZ) 173.40p -6.82%Tullow Oil (TLW) 249.50p -3.74%Cairn Energy (CNE) 164.00p -3.64%Drax Group (DRX) 261.50p -3.36%Premier Oil (PMO) 135.60p -3.35%Genus (GNS) 1,445.00p -3.28%Virgin Money Holdings (UK) (VM.) 390.00p -3.23%Ashmore Group (ASHM) 278.80p -2.96%
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27 Mar 2024 09:40

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

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25 Mar 2024 15:49

London close: Stocks slip back after last week's peak

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25 Mar 2024 12:09

LONDON MARKET MIDDAY: Stocks make tepid start to new week

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25 Mar 2024 09:04

LONDON MARKET OPEN: FTSE 100 treads water, FTSE 250 declines

(Alliance News) - The FTSE 100 in London traded flat early Monday, while the pound remained below the USD1.26 mark, as Bank of England Governor Andrew Bailey suggested rate cuts may happen soon.

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25 Mar 2024 08:45

TOP NEWS: Kingfisher eyes more stores but predicts further profit dip

(Alliance News) - Kingfisher PLC on Monday targeted cost savings and more stores as it attempts to stem a drop in profitability which it predicted would fall again in the new financial year.

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25 Mar 2024 07:59

LONDON BRIEFING: AstraZeneca wins US approval, Kingfisher profit down

(Alliance News) - London's FTSE 100 is set to open lower on Monday, giving back some of last week's progress, when equities were boosted by hope of interest rate cuts.

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25 Mar 2024 07:04

Kingfisher issues another profits warning as 2023/24 earnings slump

(Sharecast News) - B&Q owner Kingfisher on Monday warned current-year profit would fall short of expectations after it posted weaker earnings for 2023-24 as the home improvement market continued to lag behind demand for housing.

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18 Mar 2024 16:09

UK earnings, trading statements calendar - next 7 days

Tuesday 19 March 
Atalaya Mining PLCFull Year Results
Close Brothers Group PLCHalf Year Results
DFS Furniture PLCHalf Year Results
Eagle Eye Solutions Group PLCHalf Year Results
Essentra PLCFull Year Results
Fintel PLCFull Year Results
Litigation Capital Management LtdHalf Year Results
Midwich Group PLCFull Year Results
Mpac Group PLCFull Year Results
MP Evans Group PLCFull Year Results
Pebble Group PLCFull Year Results
Personal Group Holdings PLCFull Year Results
Sabre Insurance Group PLCFull Year Results
Staffline Group PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
Yu Group PLCFull Year Results
Zotefoams PLCFull Year Results
Wednesday 20 March 
Computacenter PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
IQGeo Group PLCFull Year Results
Kenmare Resources PLCFull Year Results
Prudential PLCFull Year Results
VietNam Holding LtdHalf Year Results
Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Exchange PLCFull Year Results
Centamin PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Hostelworld Group PLCFull Year Results
Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Tribal Group PLCFull Year Results
Friday 22 March 
Dunedin Enterprise Investment Trust PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
Phoenix Group Holdings PLCFull Year Results
SkinBioTherapeutics PLCHalf Year Results
Monday 25 March 
Amaroq Minerals LtdFull Year Results
Baillie Gifford Shin Nippon PLCFull Year Results
Central Asia Metals PLCFull Year Results
Gamma Communications PLCFull Year Results
Henry Boot PLCFull Year Results
Impact Healthcare REIT PLCFull Year Results
Kingfisher PLCFull Year Results
Pennon Group PLCTrading Statement
Princess Private Equity Holding LtdTrading Statement
RTC Group PLCFull Year Results
Tandem Group PLCFull Year Results
Ocean Harvest Technology Group PLCFull Year Results
Octopus Renewables Infrastructure Trust PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
US Solar Fund PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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UPDATE: Marks & Spencer confirms Co-CEO Bickerstaffe to leave in July

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6 Mar 2024 21:08

PRESS: Marks & Spencer Co-CEO Bickerstaffe to leave for Kingfisher

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26 Feb 2024 09:07

LONDON BROKER RATINGS: Jefferies raises ITM Power to 'buy'

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

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