Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. 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: 253.90
Bid: 253.20
Ask: 253.30
Change: 5.20 (2.09%)
Spread: 0.10 (0.039%)
Open: 255.10
High: 255.50
Low: 251.90
Prev. Close: 248.70
KGF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 2-UK retail spending rebounds to near pre-lockdown levels

Fri, 24th Jul 2020 07:21

* UK retail sales surge 13.9% in June, almost double
forecasts

* June sales volumes 0.6% below February's pre-lockdown
level

* Retail sales only a third of total consumer spending

* Non-essential shops in England reopened on June 15
(Updates with economist reaction)

By David Milliken and William Schomberg

LONDON, July 24 (Reuters) - British retail sales jumped back
almost to pre-coronavirus lockdown levels in June when
non-essential stores in England reopened, giving a boost to
beleaguered clothing stores.

Sales volumes in June leapt by 13.9% from May, above all
forecasts in a Reuters poll of economists.

A 70% surge in clothing and footwear sales reversed much of
their slump in recent months, though the sector remains one of
the worst hit, with spending 35% below pre-pandemic levels.

Overall sales volumes rose to within 0.6% of February's
level. Excluding fuel sales, hit by less commuting and other
travel, volumes were 2.4% higher than in February.

Household goods stores also saw strong sales in June
especially for furniture and DIY materials. Home improvement
retailer Kingfisher this week forecast first-half
underlying profit ahead of last year after exceptionally strong
demand.

Retail sales represent only about a third of consumer
spending, however, and other figures suggest people remain
cautious about returning to places like bars and restaurants.

"The surge in retail sales volumes ... in June is not a sign
that households' overall spending also is recovering fully and
rapidly," said Samuel Tombs of Pantheon Macroeconomics.

Britain's economy shrank by more than a quarter in March and
April and only recovered slightly in May when there was a
limited relaxation of the lockdown imposed on March 23.

The Bank of England's chief economist, Andy Haldane, says
payments data has suggested a rapid, V-shaped recovery though
many of his colleagues are doubtful about a sustained recovery.

The British Retail Consortium said earlier this month that
spending among its members - typically large high-street chains
- was 3.4% higher this June than last year.

Friday's figures showed that retail sales slumped by a
record 9.5% in the second quarter compared to the first.

Compared with June 2019, sales were down 1.6%, a smaller
fall than 6.4% seen in the Reuters poll.

Online spending, which soared at the start of the lockdown,
fell as a share of overall spending as shoppers in England were
able to return to stores from June 15 onwards. But at 31.8%, it
remained much higher than February's 20%.

Consumer sentiment is still well below its level before the
coronavirus struck Britain and cafes and restaurants have
reported subdued demand since they reopened on July 4.

More than 45,000 people with COVID-19 have died in Britain,
Europe's highest death toll. BoE policymaker Jonathan Haskel
said on Thursday that persistent health worries as well as a
jump in unemployment risked halting the recovery.
(Reporting by David Milliken and William Schomberg; Editing by
Catherine Evans)

More News
25 Apr 2024 20:30

IN BRIEF: Kingfisher executive sells GBP217,000 worth of shares

Kingfisher PLC - London-based retailer with brands that include B&Q, Screwfix and Castorama - Henri Solere, chief offer and sourcing officer sells 87,432 shares at 249.25 pence each. Worth GBP217,924.

Read more
16 Apr 2024 12:01

CORRECT (Mar 15): Kingfisher promotes Deliveroo chair to be its chair

(Correcting that Claudia Arney is not stepping down as Deliveroo chair but from the board of Derwent London.)

Read more
15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

Read more
15 Apr 2024 08:19

TOP NEWS: Kingfisher promotes current Deliveroo chair to be its chair

(Alliance News) - Kingfisher PLC on Monday said Andrew Cosslett will step down as chair in June, after seven years in the role.

Read more
15 Apr 2024 07:49

LONDON BRIEFING: Mitie unveils buyback; Inchcape sells UK retail arm

(Alliance News) - London's FTSE 100 is set to open lower on Monday, in a risk-off start to the week following an escalation in the conflict in the Middle East, with lingering US interest rate worries also hurting enthusiasm.

Read more
15 Apr 2024 07:44

Home improvement retailer Kingfisher names Claudia Arney as new chair

LONDON, April 15 (Reuters) - European home improvement retailer Kingfisher said on Monday that Chair Andrew Cosslett will step down in June after seven years in the role and will be succeeded by non-executive director Claudia Arney.

Read more
15 Apr 2024 07:07

Kingfisher chair to step down in June

(Sharecast News) - B&Q and Screwfix owner Kingfisher has announced that chair Andrew Cosslett will step down after seven years at the helm of the board.

Read more
11 Apr 2024 16:53

LONDON MARKET CLOSE: Dwindling US Fed cut hope unnerves markets

(Alliance News) - Stock prices in London closed lower on Thursday, with a hawkish interest rate outlook for the Federal Reserve and geopolitical tensions hurting investor enthusiasm.

Read more
11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

Read more
11 Apr 2024 09:25

HSBC upgrades Kingfisher to 'buy'

(Sharecast News) - HSBC upgraded B&Q and Castorama owner Kingfisher on Thursday to 'buy' from 'hold' and lifted the price target to 305p from 235p.

Read more
11 Apr 2024 08:59

LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher

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

Read more
11 Apr 2024 08:54

LONDON MARKET OPEN: European markets mixed ahead of ECB decision

(Alliance News) - European equities lacked direction early Thursday morning, ahead of an interest rate decision from the European Central Bank this afternoon.

Read more
27 Mar 2024 16:13

EARNINGS AND TRADING: Solid State ups outlook; Quartix trading in line

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

Read more
27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

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

Read more
26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

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

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.