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Pin to quick picksKingfisher Share News (KGF)

Share Price Information for Kingfisher (KGF)

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Share Price: 258.70
Bid: 226.00
Ask: 268.00
Change: 0.00 (0.00%)
Spread: 42.00 (18.584%)
Open: 0.00
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Low: 0.00
Prev. Close: 258.70
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Sector movers: M&S and Tesco drag retailers lower

Fri, 04th Apr 2014 14:24

Retail stocks were trading lower on Friday with heavyweights Marks & Spencer and Tesco providing a drag on the sector.M&S was off shopping lists today after Goldman Sachs retained its 'sell' recommendation for the British department store chain, saying that the business could feel the heat from the recent increase in competition in the grocery market.In a research report dated April 3rd, the bank added the stock to its 'Conviction Sell List' and slashed its target price for the shares from 420p to 340p. The stock was down 1.3% at 465.7p this afternoon."With circa 50% of its revenue [for the year ended March 2014] coming from UK grocery sales, we do not believe M&S will be immune to escalating competition in UK food retail," Goldman said.The comments came ahead of M&S's fourth-quarter trading update on April 10th, which Goldman expects will show flat like-for-like (LFL) sales in Food and another quarter of LFL declines in GM.Supermarket giant Tesco was trading 1.1% lower on speculation that its Finance Chief Laurie McIlwee could quit amid falling profits and a recent decline in market share. According to the Financial Times, the McIlwee, who has worked for Tesco for 15 years, could leave the company in the coming days, citing people familiar with the situation. His possible departure would leave Chief Executive Philip Clarke as the only executive director left on Tesco's board. The FT's sources said that McIlwee had "clashed" with Clark over some areas of the company's strategy.B&Q owner Kingfisher was also among the worst performers on the FTSE 350 on Friday, along with SuperGroup and Ocado.Home furnishings retailer Dunelm was also in the red, pulling back following a strong rise on Thursday after impressing the market with its third-quarter update. Food wholesaler Booker was extending losses after underwhelming with fourth-quarter figures yesterday. Top performing sectors so far todayIndustrial Metals & Mining 1,076.81 +3.42%Forestry & Paper 11,665.38 +2.75%Mining 17,164.16 +1.83%Automobiles & Parts 9,511.25 +1.78%Life Insurance 7,073.99 +1.68%Bottom performing sectors so far todayTechnology Hardware & Equipment 1,220.44 -1.17%Food & Drug Retailers 3,827.66 -0.97%Mobile Telecommunications 4,887.15 -0.86%General Retailers 3,035.23 -0.66%Household Goods & Home Construction 11,482.35 -0.27%BC
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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
  
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7 Mar 2024 10:07

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

(Alliance News) - Marks & Spencer Group PLC on Thursday said Co-Chief Executive Officer Katie Bickerstaffe will leave the company after the annual general meeting in July.

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6 Mar 2024 21:08

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

(Alliance News) - Marks & Spencer's Co-Chief Executive Officer Katie Bickerstaffe is set to leave the company, Sky News reported on Wednesday evening.

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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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15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

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15 Feb 2024 09:45

LONDON BROKER RATINGS: Jefferies cuts Kingfisher but Citi raises

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

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15 Feb 2024 07:56

LONDON BRIEFING: Relx optimistic; BHP to book USD6 billion hit

(Alliance News) - Equity prices in London are called to open higher on Thursday, overlooking a poor reading of the UK economy and clinging onto Bank of England interest rate optimism following Wednesday's softer-than-expected inflation reading.

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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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