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Pin to quick picksKingfisher Share News (KGF)

Share Price Information for Kingfisher (KGF)

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Share Price: 247.10
Bid: 246.90
Ask: 247.00
Change: 0.00 (0.00%)
Spread: 0.10 (0.041%)
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WINNERS & LOSERS SUMMARY: Pendragon Skids As Skips Dividend

Wed, 18th Sep 2019 10:50

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.

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FTSE 100 - WINNERS

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Vodafone Group, up 1.0%. The telecommunications firm said it will occupy 24 vacant retail premises in the UK to boost its high street presence. The initiative is part of the telecommunication firm's franchise operation which "offers local entrepreneurs the chance to manage the new stores from day one and earn commission", Vodafone said. It is the first time Vodafone is extending its franchise operation to empty shops, and it ensures there is no upfront cost to the franchisee, the firm added.

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FTSE 100 - LOSERS

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Kingfisher, down 2.1%. The DIY retailer, which owns B&Q in the UK and Castorama in France, reported a decline in sales during a mixed first half for its retail units. In the six months to July 31, revenue fell by 1.4% year-on-year to GBP6.00 billion from GBP6.08 billion. Pretax profit fell by 13% to GBP245.0 million from GBP280.0 million. On a like-for-like basis, sales fell by 1.8%, with growth at UK trade tools provider Screwfix and in Kingfisher's operations in Poland and Romania offset by declines in France and at B&Q. Divisionally, sales in the UK & Ireland increased by 0.8% to GBP2.66 billion in the half-year from GBP2.64 billion, but like-for-like sales in the region fell by 0.7%. In France, total sales declined by 4.8% to GBP2.16 billion from GBP2.27 billion. Looking ahead, Kingfisher said its outlook remains mixed and highlighted continued uncertainty in consumer demand in the UK.

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FTSE 250 - WINNERS

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Games Workshop, up 2.8%. The table top games maker declared a 35 pence per share dividend and said it was trading in line with board expectations. At the company's annual general meeting on Wednesday, Chair Nick Donaldson stated Games Workshop is "trading is in line with the board's expectations", with cash generation also strong. The company declared a dividend of 35p per share, which "is in line with the company's policy to distribute truly surplus cash". This matches the 35p per share dividend declared at the company's 2018 AGM.

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FTSE 250 - LOSERS

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Sirius Minerals, down 14%. Shares in the fertiliser firm were down for second day in a row after news on Tuesday that it failed to carry out a crucial debt financing. The stock had shed 53% on Tuesday.

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Weir Group, down 3.0%. JPMorgan cut the oil pumps, valves and wellheads maker to Neutral from Overweight.

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OTHER MAIN MARKET AND AIM - LOSERS

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Pendragon, down 10%. The car dealer reported it swung to a first half loss due to "challenging" market conditions, skipping its interim dividend as a result, and said its non-executive chair will leave the company next month. Pendragon already was without a chief executive. In the six months to June 30, revenue fell by 0.8% year-on-year to GBP2.46 billion from GBP2.48 billion. The company made a pretax loss of GBP134.6 million, swung from a GBP27.3 million profit in the first half of 2018. The firm also opted not to pay an interim dividend this year, having made a 0.8 pence per share payout a year prior. Looking ahead, Pendragon now expects its underlying pretax loss to be at the bottom of internal expectations, though it does expects a "meaningful recovery" in profitability during the second half of 2019. The company said it has engaged in various "self-help" measures to improve performance.

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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.

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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.)

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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:

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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.

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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:

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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:

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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:

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