Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKingfisher Share News (KGF)

Share Price Information for Kingfisher (KGF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 258.70
Bid: 226.00
Ask: 268.00
Change: 0.00 (0.00%)
Spread: 42.00 (18.584%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 258.70
KGF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
More News
20 Sep 2023 09:34

LONDON BROKER RATINGS: SocGen cuts BAE; BoA resumes IHG with 'buy'

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

Read more
19 Sep 2023 16:57

LONDON MARKET CLOSE: Stocks close mixed ahead of Fed and BoE decisions

(Alliance News) - Stock prices in London closed mixed on Tuesday, as investors nervously look ahead to interest rate decisions from the US and England, and what they will mean for the rest of 2023.

Read more
19 Sep 2023 14:04

FTSE 100 movers: Kingfisher down 11% after profit warning

(Sharecast News) - Kingfisher lost more than a tenth of its market value on Tuesday after the DIY retail conglomerate warned shareholders that it would have to scale back profit guidance this year.

Read more
19 Sep 2023 12:05

LONDON MARKET MIDDAY: London largely up despite slew of outlook cuts

(Alliance News) - Stock prices in London were mostly higher at midday Tuesday, after news that eurozone inflation eased slightly in August and despite some less-than-stellar local corporate updates.

Read more
19 Sep 2023 09:00

LONDON MARKET OPEN: Stocks rise; Kingfisher drops on guidance cut

(Alliance News) - Stock prices in London opened slightly higher on Tuesday, but a cautious sentiment prevailed in global equity markets ahead of central bank meetings and the upward trajectory of oil prices.

Read more
19 Sep 2023 08:58

TOP NEWS: Kingfisher cuts guidance but plots GBP300 million buyback

(Alliance News) - Kingfisher PLC on Tuesday cut its annual profit outlook, with sales in July hurt by wet weather, though the owner of a number of DIY chains announced a new share buyback.

Read more
19 Sep 2023 07:54

LONDON BRIEFING: Kingfisher unveils share buyback but cuts guidance

(Alliance News) - Stocks in London are called flat on Tuesday, as upcoming central bank decisions and the latest rise in oil prices subdue risk appetite.

Read more
19 Sep 2023 07:43

Kingfisher lowers full-year expectations as Poland operations drag

(Sharecast News) - Kingfisher lowered its profit expectations for the full year on Tuesday despite reporting a slight increase in first-half sales of 1.1% to £6.88bn, with like-for-like sales slightly ahead of expectations.

Read more
18 Sep 2023 17:07

TRADING UPDATES: Kropz makes ZAR155 million draw down on loan

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
12 Sep 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 13 September 
abrdn Smaller Companies Income Trust PLCHalf Year Results
Argentex Group PLCHalf Year Results
Brave Bison Group PLCHalf Year Results
Burford Capital LtdHalf Year Results
CAB Payments Holdings PLCHalf Year Results
Central Asia Metals PLCHalf Year Results
Frontier Developments PLCFull Year Results
Made Tech Group PLCFull Year Results
On The Beach Group PLCTrading Statement
Pan African Resources PLCFull Year Results
Pharos Energy PLCHalf Year Results
Redrow PLCFull Year Results
Ricardo PLCFull Year Results
Star Energy Group PLCHalf Year Results
Tullow Oil PLCHalf Year Results
Thursday 14 September 
Arecor Therapeutics PLCHalf Year Results
Brooks Macdonald Group PLCFull Year Results
Capricorn Energy PLCHalf Year Results
Checkit PLCHalf Year Results
Churchill China PLCHalf Year Results
Foresight Solar Fund LtdHalf Year Results
Glenveagh Properties PLCHalf Year Results
IG Group Holdings PLCTrading Statement
Keystone Law Group PLCHalf Year Results
Kier Group PLCFull Year Results
M&C Saatchi PLCHalf Year Results
MJ Gleeson PLCFull Year Results
Oakley Capital Investments LtdHalf Year Results
Renishaw PLCFull Year Results
Spire Healthcare Group PLCHalf Year Results
THG PLCHalf Year Results
Trainline PLCTrading Statement
Uniphar PLCHalf Year Results
Friday 15 September 
Petra Diamonds LtdFull Year Results
VH Global Sustainable Energy Opportunities PLCHalf Year Results
Monday 18 September 
Artisanal Spirits Co PLCHalf Year Results
City of London Investment Group PLCFull Year Results
Downing Renewables & Infrastructure Trust PLCHalf Year Results
Facilities by ADF PLCHalf Year Results
Futura Medical PLCHalf Year Results
Greencoat Renewables PLCHalf Year Results
HgCapital Trust PLCHalf Year Results
Phoenix Group Holdings PLCHalf Year Results
S4 Capital PLCHalf Year Results
Tuesday 19 September 
accesso Technology Group PLCHalf Year Results
Billington Holdings PLCHalf Year Results
Big Technologies PLCHalf Year Results
C&C Group PLCTrading Statement
Concurrent Technologies PLCHalf Year Results
CPPGroup PLCHalf Year Results
Eagle Eye Solutions Group PLCFull Year Results
Fintel PLCHalf Year Results
Good Energy Group PLCHalf Year Results
Hargreaves Lansdown PLCFull Year Results
Henry Boot PLCHalf Year Results
Kingfisher PLCHalf Year Results
Litigation Capital Management LtdFull Year Results
Maintel Holdings PLCHalf Year Results
McBride PLCFull Year Results
MyHealthChecked PLCHalf Year Results
Moonpig Group PLCTrading Statement
Naked Wines PLCFull Year Results
Northcoders Group PLCHalf Year Results
Ocado Group PLCTrading Statement
Serica Energy PLCHalf Year Results
SThree PLCTrading Statement
Surgical Innovations Group PLCHalf Year Results
Team17 Group PLCHalf Year Results
Trustpilot Group PLCHalf Year Results
Water Intelligence PLCHalf Year Results
Xaar PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
11 Sep 2023 06:56

UK retailers warn chancellor against GBP400m business rates hike

(Alliance News) - Bosses of a raft of Britain's biggest retailers, such as Tesco PLC, Marks & Spencer Group PLC and Kingfisher PLC's B&Q, have urged Chancellor Jeremy Hunt to freeze their property taxes to avoid a roughly GBP400 million hike.

Read more
6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

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

Read more
30 Aug 2023 09:55

LONDON BROKER RATINGS: Barclays edges up Beazley price target

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

Read more
30 Aug 2023 07:49

LONDON BRIEFING: Direct Line appoints CEO; Prudential swings to profit

(Alliance News) - Stocks in London are called up on Wednesday, in hopes markets will extend Tuesday's rally.

Read more
30 Aug 2023 07:40

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

(Sharecast News) - JPMorgan Cazenove trimmed its price target on shares of B&Q owner Kingfisher on Wednesday and placed them on 'negative catalyst watch' ahead of first-half results next month.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.