Kingfisher PLC Add to portfolio

LON100:KGF, Jul 18, 11:52 UTC

Latest LON100:KGF News

Filter your feed

Apply Filter

Yesterday


News

KINGFISHER PLC/SH (OTCMKTS:KGFHY) Upgraded at Zacks Investment Research – Trent Times

KGF

According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Italy, Turkey, China. Kingfisher also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. A number of other research firms also recently commented on KGFHY. Credit Suisse Group restated a “buy” rating on shares of LVMH Moet Hennessy Louis Vuitton in a research report on Friday, March 22nd. Societe Generale restated a “sell” rating on shares of KINGFISHER PLC/SH in a research report on Tuesday, April 9th.

Read Full Details

Topics:
  • Business
  • Financial

Friday, July 12


News

KINGFISHER PLC/SH (OTCMKTS:KGFHY) Rating Lowered to Sell at Zacks Investment Research – Tech Know Bits

KGF

KINGFISHER PLC/SH (OTCMKTS:KGFHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Italy, Turkey, China. Kingfisher also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. Credit Suisse Group reissued a “buy” rating on shares of LVMH Moet Hennessy Louis Vuitton in a research note on Friday, March 22nd.

Read Full Details

Topics:
  • Business
  • Financial
News

Zacks Investment Research Downgrades KINGFISHER PLC/SH (OTCMKTS:KGFHY) to Sell – Sundance Herald

KGF

According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Italy, Turkey, China. Kingfisher also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. A number of other analysts have also recently commented on the stock. Societe Generale reissued a sell rating on shares of KINGFISHER PLC/SH in a research note on Tuesday, April 9th. The company has a market cap of $5.93 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, July 04


News

Kingfisher (LON:KGF) Stock Price Crosses Below Fifty Day Moving Average of $215.17 – Mayfield Recorder

KGF

The stock has a 50 day moving average of $215.17 and traded as low as $215.60. Kingfisher shares last traded at $218.40, with a volume of 7,269,910 shares traded. Credit Suisse Group reduced their target price on Kingfisher from GBX 240 ($3.14) to GBX 220 ($2.87) and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock.

Read Full Details

Topics:
  • Business
  • Financial
News

Kingfisher (LON:KGF) Stock Price Crosses Below Fifty Day Moving Average of $215.17 – Tech Know Bits

KGF

The stock has a 50 day moving average of $215.17 and traded as low as $215.60. Kingfisher shares last traded at $218.40, with a volume of 7,269,910 shares traded. Credit Suisse Group reduced their target price on Kingfisher from GBX 240 ($3.14) to GBX 220 ($2.87) and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, July 03


News

KINGFISHER PLC/SH (OTCMKTS:KGFHY) Raised to “Hold” at Zacks Investment Research – Mayfield Recorder

KGF

KINGFISHER PLC/SH (OTCMKTS:KGFHY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Italy, Turkey, China. Kingfisher also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, June 27


News

Can a new CEO turn things around for Kingfisher shares?

KGF

I have most of the basics down, and am happy to get my hands dirty. If something in the house needs fixing, I pop down to my local B&Q, which is owned by Kingfisher (LSE: KGF), get what I need and roll up my sleeves. But I am, it seems, in the minority, with an ever growing trend in the UK and parts of Europe, to hire tradesmen for even the simplest of jobs. Following the resignation of CEO Véronique Laury earlier this year – after she was forced to ditch profit targets that were linked to the company’s transformation programme – Kingfisher today announced it will be bringing in Carrefour’s Thierry Garnier, who previously headed up the French hypermarket’s Asia division. Though its UK operations saw a mild increase in sales in its latest quarter (thanks in the main, to a “good weather boost“), it is France where Kingfisher is seeing real problems. Last year it announced it would be exiting the “peripheral” markets of Russia, Portugal and Spain, in order to concentrate on its French brands, where rival Leroy Merlin has been gobbling up market share and hitting its sales figures.

Read Full Details

Topics:
  • Business
  • Financial
News

B&Q owner Kingfisher names Carrefour stalwart as new boss

KGF

B&Q owner Kingfisher has appointed Thierry Garnier as its new chief executive to replace outgoing boss Veronique Laury. Mr Garnier has spent 20 years working in senior roles at French retail giant Carrefour, where he currently heads up the Asia operations responsible for more than 350 stores in China and Taiwan and 55,000 employees. He will be based at Kingfisher’s headquarters in London and will join in the autumn, with a start date still to be finalised. Andy Cosslett, chairman of Kingfisher, said Mr Garnier is a “highly talented international retailer and proven business leader, with a strong track record over many years at Carrefour”. He joins Kingfisher at a tough time for the group, which has seen its B&Q DIY chain in the UK and operations in France – where it trades as Castorama and Brico Depot – come under pressure.

Read Full Details

Topics:
  • Business
  • Financial
News

UPDATE 3-Britain's Kingfisher turns to Carrefour veteran to revive fortunes

KGF CA

LONDON, June 27 (Reuters) - British home improvement retailer Kingfisher has named Thierry Garnier as its new chief executive, hoping the Carrefour veteran can revive its fortunes, particularly its struggling French operation. French national Garnier, 53, who has spent 20 years in senior roles at Carrefour and is currently head of its Asia operations, will join Kingfisher in the autumn, though the date is yet to be finalised. Garnier is a member of the Carrefour group executive committee and has been CEO of Carrefour Asia since 2012, responsible for over 350 stores in China and Taiwan, with 55,000 employees, and gross sales of over 6 billion euros ($6.8 billion). Kingfisher said in March that it had reviewed Laury's strategy and fully supported it, suggesting Garnier's appointment will mean a review and development of the existing strategy's execution rather than an overhaul. However, some analysts have argued the group should be broken up. While Kingfisher has struggled in France, progress in Britain has been hard won in a market where Australia's Wesfarmers came unstuck after a disastrous investment in the Homebase chain.

Read Full Details

Topics:
  • Business
  • Financial
News

Kingfisher poaches Carrefour China supremo as new boss

KGF CA

The DIY giant, which owns B&Q and Screwfix in the UK, said it had appointed Garnier as a result of his experience in leading “significant businesses through complex change programmes while operating in competitive and rapidly changing retail environments”. Garnier was named executive director of China and Taiwan in 2012. Since October 2017, he has served as executive director for Asia and chief executive of Carrefour China. Kingfisher chair Andy Cosslett described Garnier as “a highly talented international retailer and proven business leader, with a strong track record over many years at Carrefour”. He added: “In what was a rigorous recruitment process, Thierry stood out for the board from a strong list of candidates due to his recognised operational know-how at a multinational retail business, his delivery of long-term value creation and his experience in driving leading-edge digital innovation, most recently in China.

Read Full Details

Topics:
  • Business
  • Financial