Kingfisher Share News (KGF)

Thursday's session is set to start on a quiet note, pausing after strong gains the previous day as reports of a imminent Greek debt deal spurred buying.City sources predict the FTSE 100 will open just a few points lower after surging 1.2% on Wednesday's to close at 7,033.33."There's been months of negotiations between Greece and the institutions that have yielded very little but finally they appear to making some progress, which is helping to lift sentiment as we head into the end of the shortened trading week," said Oanda analyst Craig Erlam."Of course, whether you believe progress has actually been made depends entirely on which officials you choose to listen to, which does confuse matters somewhat," he said.Things are expected to pick up on the economic data calendar after a quiet session on Wednesday, with data due out on UK GDP, UK mortgage loans, Eurozone confidence, US initial jobless claims and US pending homes.Stocks to watchB&Q and Screwfix owner Kingfisher made a "solid" start to the year under new French chief executive Véronique Laury, with like-for-like sales up 0.8% in the first quarter. Retail profits were hit by £10m of adverse currency movements but still were up 1.4% to £150m. A pilot new unified IT system was said to be on track as part of Laury's 'ONE' plan, with £88m also returned so far as part of a share buyback.IG Group said in a trading update for the fourth quarter that it remains on track to deliver against full-year financial expectations.Tate & Lyle said that full-year pre-tax profit dropped 30% in the year ended 31 March, in line with its expectations, as it continues to restructure its business.