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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: 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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London close: FTSE ends week on positive note as insurers rise

Fri, 04th Apr 2014 16:59

- US non-farm payrolls up 192,000 in March- UK car registrations rise to best level in a decade- Insurers recover after recent fallstechMARK 2,770.41 -0.01%FTSE 100 6,695.55 +0.70%FTSE 250 16,433.67 +0.52%UK stocks ended the week on a buoyant note, although below the 6,700 level surpassed earlier in the afternoon. The FTSE closed up 46.41 points at 6,695.55, up 79.97 or 1.21% on the week.Alastair McCaig, Market Analyst at IG, said: "The FTSE 100 has said hello once again to 6,700, after dropping below this level almost a month ago. This morning's gains have firmed up across the board and we're seeing banks and miners lead the charge."US non-farm payrolls up 192,000 in MarchUS non-farm payrolls rose by 192,000 during March, according to the Bureau of Labor Statistics (BLS), against the consensus estimate for an increase of 200,000. The previous two months' tallies were revised higher by a combined 37,000."Now that the weather-related weakness is behind us, we anticipate that the monthly gains in payroll employment will remain close to the 200,000 mark, driving the unemployment rate gradually lower and allowing the Fed to continue winding down its monthly asset purchases," said Paul Ashworth, Chief US Economist at Capital Economics.The only disappointment in today's report was the fact that average hourly earnings remained unchanged, Ashworth added. UK car registrations rise to best level in a decadeMeanwhile, new car registrations in the UK surged by 17.7% in March to reach 464,824 units, their best level since March 2004, according to The Society of Motor Manufacturers and Traders (SMMT).That was a surprisingly strong reading and reflected intensifying consumer confidence, as well as the availability of new products, said Mike Hawes, SMMT Chief Executive. In other UK economic news, UK house prices dropped by 1.1% in March according to the latest survey data from Halifax, to reach £178,249, that was the third fall over the past 15 months. Nonetheless, in terms of quarterly rates of change they were 2.3% higher than in the previous three months, at the top end of the 1.8% to 2.3% range for the average pace of gains seen since June 2013. Insurers recover after recent falls Insurance groups RSA, Resolution and Aviva all made decent gains, bucking the trend of recent times, hit by both the Budget statement and the Financial Conduct Authority's plans to review old insurance policies. Mining stocks including Anglo American, Rio Tinto and Fresnillo were also making decent gains, recovering from yesterday's declines as they tracked metal prices higher. Airline easyJet flew higher after saying the number of passengers in March rose by 4.8% to 5,107,676 compared to a year earlier. Meanwhile, department store Marks & Spencer was in the red after Goldman Sachs warned of margin pressures, saying that the business is not immune to the increasing competition in the UK grocery market. In a report last night, the bank added M&S to its 'Conviction Sell List' and slashed its target price from 420p to 340p.The wider sector was also down, including Kingfisher and Dixons. Tesco fell after it confirmed speculation that Laurie McIlwee, its Chief Financial Officer and Executive Director, has decided to step down from the board and resign from the company. FTSE 100 - RisersCRH (CRH) 1,775.00p +4.04%RSA Insurance Group (RSA) 94.15p +3.46%Anglo American (AAL) 1,565.00p +3.20%Legal & General Group (LGEN) 217.70p +3.13%Mondi (MNDI) 1,083.00p +2.75%G4S (GFS) 250.30p +2.50%Pearson (PSON) 1,033.00p +2.48%Whitbread (WTB) 4,301.00p +2.40%Fresnillo (FRES) 891.00p +2.35%Weir Group (WEIR) 2,549.00p +2.21%FTSE 100 - FallersARM Holdings (ARM) 996.00p -2.92%Marks & Spencer Group (MKS) 461.90p -2.06%Barratt Developments (BDEV) 409.90p -1.58%Tesco (TSCO) 287.40p -1.47%Kingfisher (KGF) 438.60p -1.26%Smiths Group (SMIN) 1,252.00p -1.11%Persimmon (PSN) 1,346.00p -1.10%Intertek Group (ITRK) 2,968.00p -1.07%Morrison (Wm) Supermarkets (MRW) 204.80p -1.06%Travis Perkins (TPK) 1,874.00p -1.00%FTSE 250 - RisersOxford Instruments (OXIG) 1,436.00p +6.61%Perform Group (PER) 260.90p +5.63%Evraz (EVR) 79.90p +5.13%Man Group (EMG) 106.70p +4.71%Wood Group (John) (WG.) 794.50p +4.40%Laird (LRD) 316.70p +3.90%ICAP (IAP) 404.80p +3.79%Premier Oil (PMO) 308.70p +3.69%Polymetal International (POLY) 626.00p +3.47%Heritage Oil (HOIL) 250.00p +3.31%FTSE 250 - FallersImagination Technologies Group (IMG) 214.70p -3.11%Supergroup (SGP) 1,600.00p -3.09%Booker Group (BOK) 156.80p -2.85%CSR (CSR) 690.00p -2.82%Big Yellow Group (BYG) 539.50p -2.53%Savills (SVS) 655.50p -2.38%Dixons Retail (DXNS) 49.20p -2.28%Carphone Warehouse Group (CPW) 321.40p -2.28%Computacenter (CCC) 635.00p -2.16%Rightmove (RMV) 2,555.00p -2.11%NR
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15 Feb 2024 07:22

Citi upgrades Kingfisher to 'buy' from 'neutral'

(Sharecast News) - Citi upgraded B&Q and Castorama owner Kingfisher on Thursday to 'buy' from 'neutral' as it argued the UK housing recovery supports a re-rating.

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5 Feb 2024 16:22

London close: Stocks turn lower on renewed interest rate concerns

(Sharecast News) - London's financial markets had turned negative by the close of trading on Monday, after better-than-expected UK services data was offset by a downward revision in service activity in the United States.

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5 Feb 2024 07:17

JPM puts Kingfisher on 'negative catalyst watch', cuts price target

(Sharecast News) - JPMorgan Cazenove cut its price target on Kingfisher on Monday to 180p from 190p as it placed the shares on 'negative catalyst watch' ahead of full-year results on 25 March.

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1 Feb 2024 09:15

TOP NEWS: AG Barr hires former Saga and Superdry chief as new CEO

(Alliance News) - AG Barr PLC on Thursday announced Euan Sutherland as its next chief executive officer, while also reporting a 26% rise in revenue in its just-completed financial year.

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29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

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29 Jan 2024 14:15

Broker tips: Kingfisher, Rotork, IMI, Intertek

(Sharecast News) - RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to 'sector perform' from 'outperform'.

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29 Jan 2024 09:12

LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders

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

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29 Jan 2024 08:13

RBC Capital downgrades B&Q and Castorama owner Kingfisher

(Sharecast News) - RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to 'sector perform' from 'outperform'.

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29 Jan 2024 07:43

LONDON BRIEFING: Superdry looks at saving costs; Ferrexpo loses case

(Alliance News) - Stocks in London are expected to start the week on a cautious note, as investors nervously look ahead to two key interest rate decisions.

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11 Jan 2024 08:43

IN BRIEF: Kingfisher completes GBP50 million in share buybacks

Kingfisher PLC - London-based owner of B&Q, Screwfix and Castorama home-improvement stores - Completes first tranche of GBP300 million share buyback announced back in September. Buys 22.8 million shares for GBP50 million in total in the tranche, completing it by purchasing 335,726 shares at an average price of 223.95 pence on Wednesday. Kingfisher says details on the second tranche of the buyback programme will be announced "in due course". The repurchased shares will be cancelled.

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14 Dec 2023 12:14

LONDON MARKET MIDDAY: Stocks up as BoE follows in footsteps of Fed

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England followed in the US Federal Reserve's footsteps and left interest rates unchanged.

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29 Nov 2023 09:51

LONDON BROKER RATINGS: JPMorgan cuts Diageo to neutral from overweight

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

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28 Nov 2023 09:27

LONDON BROKER RATINGS: Goldman starts M&G at 'buy'; Citi hikes B&M

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

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24 Nov 2023 16:56

LONDON MARKET CLOSE: Pound jumps above USD1.26 mark on Black Friday

(Alliance News) - Global markets saw a lacklustre session this Black Friday, with European markets edging just slightly higher.

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24 Nov 2023 11:42

LONDON MARKET MIDDAY: Stocks edge lower in quiet Thanksgiving trade

(Alliance News) - Stock prices in London were down midday on Friday, in a quiet day of trade as the Thanksgiving holiday saw global markets "hit the snooze button."

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