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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 open: Stocks rebound, Logica rockets after CGI bid

Thu, 31st May 2012 08:34

- Logica jumps 64pc after bid- Eyes on Ireland as public votes on fiscal treaty- Eurobonds still a possibilityThe FTSE 100 rebounded on Thursday morning following a sharp fall the day before, but gains were only modest as uncertainty over the Eurozone continues to weigh heavily on investors' minds.Ireland is holding a referendum on the fiscal treaty; opinion polls over the weekend suggest that 60% of voters will vote in favour of the treaty. Also helping sentiment this morning were German retail sales which rose for a second straight month in April.Turning to Spain, the European Commission said yesterday that it may give the country an extra year to cut its deficit to 3%, easing the pressure on Prime Minister Mariano Rajoy.The possibility of implementing jointly issued Eurozone debt remains a possibility, according to Eurogroup President Jean-Claude Juncker. "The solution of eurobonds to relaunch growth in Europe is still on the table," said Juncker in a news conference.In domestic news, UK house prices rose slightly in May, as a squeeze in new properties on the market kept demand high, according to the Nationwide house price index. The average price of a house rose 0.3% between April and May to £166,022 from £164,134.FTSE 100: Miners on the upMining stocks were making gains early on, following a sell-off the day before. Vedanta was among the best performers after announcing that shareholders will get to vote on changes to the group's structure, including the merger of its two subsidiaries Sesa Goa and Sterlite, on June 15th. Sector peers Polymetal and Randgold Resources were also higher.DIY retailer Kingfisher was in demand despite poor weather dampening sales in the 13 weeks to April 28th, the company's first quarter. Revenues fell 3.6% during period, with like-for-like sales down 4.8%.Financial services giant Prudential rose after announcing that it is to get its hands on Reassure American Life Insurance Company (REALIC) through the acquisition of its US holding company from Swiss Re for £398m in cash.Sweeteners firm Tate and Lyle reported full-year profit numbers in line with expectations as it saw steady top-line growth across a number of its markets. Shares edged higher early on.FTSE 250: Logica soars on agreed bidBusiness consultancy Logica rocketed early on after news of an agreed bid from Canada's CGI Group. Information technology and business process services provider CGI is offering 105p cash per Logica share, valuing the company at around £1.7bn.Heading the other way was car and bike parts retailer Halfords after it reported a 20% drop in full-year pre-tax profit, warning that retail sales in the 2013 fiscal year have so far been very disappointing.FTSE 100 - RisersInterContinental Hotels Group (IHG) 1,502.00p +4.45%Vedanta Resources (VED) 960.50p +2.13%Lloyds Banking Group (LLOY) 25.75p +1.82%Tullow Oil (TLW) 1,453.00p +1.82%Sage Group (SGE) 255.10p +1.80%Man Group (EMG) 72.80p +1.53%BG Group (BG.) 1,242.50p +1.51%Randgold Resources Ltd. (RRS) 5,180.00p +1.47%Tesco (TSCO) 301.05p +1.35%Ashmore Group (ASHM) 335.80p +1.30%FTSE 100 - FallersITV (ITV) 74.50p -3.62%Admiral Group (ADM) 1,090.00p -2.59%Shire Plc (SHP) 1,831.00p -1.61%CRH (CRH) 1,106.00p -1.34%WPP (WPP) 779.00p -0.76%Next (NXT) 2,992.00p -0.70%Schroders (Non-Voting) (SDRC) 979.00p -0.66%IMI (IMI) 882.50p -0.56%Smiths Group (SMIN) 1,010.00p -0.49%Marks & Spencer Group (MKS) 330.60p -0.48%FTSE 250 - RisersLogica (LOG) 107.80p +64.08%Ruspetro (RPO) 158.00p +4.29%Premier Oil (PMO) 347.50p +3.89%Berkeley Group Holdings (The) (BKG) 1,247.00p +3.74%Savills (SVS) 325.00p +3.17%Regus (RGU) 89.55p +2.40%Petropavlovsk (POG) 370.10p +2.32%RPC Group (RPC) 381.50p +2.31%Hunting (HTG) 832.00p +2.15%JD Sports Fashion (JD.) 717.00p +2.14%FTSE 250 - FallersHalfords Group (HFD) 256.50p -7.03%Home Retail Group (HOME) 74.65p -2.55%Dunelm Group (DNLM) 480.40p -1.84%Essar Energy (ESSR) 140.10p -1.20%Daejan Holdings (DJAN) 2,752.00p -1.18%Kesa Electricals (KESA) 48.98p -1.13%Euromoney Institutional Investor (ERM) 755.50p -0.98%WH Smith (SMWH) 493.60p -0.92%Electra Private Equity (ELTA) 1,565.00p -0.82%SVG Capital (SVI) 259.00p -0.73%BC
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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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