Kingfisher PLC Add to portfolio

KINGFISHER PLC/SH (OTCMKTS:KGFHY) announced a Semi-Annual dividend on Monday, September 24th, Zacks reports. Stockholders of record on Friday, October 5th will be paid a dividend of 0.075 per share on Wednesday, November 14th. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 1.42 and a beta of 0.91. Zacks Investment Research raised shares of KINGFISHER PLC/SH from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th.

Read Full Details

Britain's Compass names Kingfisher's Karen Witts as CFO. Oct (Shenzhen: 000069.SZ - news) 11 (Reuters) - Compass Group Plc (Other OTC: CMPGF - news) , the world's biggest catering firm, appointed Kingfisher (Frankfurt: 812861 - news) 's Karen Witts as its chief financial officer on Thursday. Witts joins Compass from Kingfisher where she has been CFO since 2012, Compass said, adding that she will begin her appointment on a date to be agreed. Kingfisher confirmed Witts' resignation in a separate statement, adding that she will remain in her position at Kingfisher for now to allow a smooth handover of responsibilities.

Read Full Details

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. Shares of KGFHY traded down $0.12 during midday trading on Thursday, hitting $6.58. The stock has a market capitalization of $7.33 billion, a PE ratio of 9.97, a PEG ratio of 1.42 and a beta of 0.91.

Read Full Details

Its IT system forms the basis of the unified IT system that Kingfisher is currently rolling out across its business – it’s halfway through a five-year transformation plan that will see one product range and one IT system. And until the Kingfisher customer offer is fully unified, Screwfix UK is the only one of its brands that is adding stores at any pace – 21 opened in the first half of the year, taking it to 598 and it aims to have around 700 in the UK. Sales of weather-related goods rose by 4.9% in a hot summer, while other categories fell b 5.4%. Its online sales grew by 8%, including a 56% rise in click and collect and 41% rise in mobile, to account for 4% of total sales. So what can other retailers learn from the success of Screwfix, an Elite retailer in IRUK Top500 research, and its sister business B&Q, rated as Leading in that list? A new one-hour click and collect service, introduced last autumn, gave a boost to B&Q, which saw revenues from the service rise by 56% in the first half, compared to last year.

Read Full Details

B&Q owner kingfisher insists turnaround on track despite profits slump. Shares in the retailer fell more than six per cent after it posted a 30% fall in statutory pre-tax profit to £281 million for the six months to July 31, with profits down 14.8% on an underlying basis at £375m. Screwfix like-for-like sales rose 4.5% in the first half. For the overall UK and Ireland business, retail profits edged 1.2% higher to £281m. But it was a 31% tumble in constant currency profits to £122m at its French arm that weighed on wider group profits in the first half. Kingfisher has nearly 24,700 staff in the UK and Ireland and more than 63,900 overall, with operations also across markets including Poland, Russia, Romania and Iberia.

Read Full Details

Is FTSE 100 dog Kingfisher worth buying for its chunky dividend? Finding companies offering decent dividends in the FTSE 100 these days is easy. Whether those dividends are growing (or even sustainable) is another thing entirely. Despite what it describes as “solid performances” in the UK and Poland over the six months to the end of July, the company continues to be hurt by “significant weakness” in France. Despite a “mixed” outlook for its main markets, she did, however, go on to state that Kingfisher was still likely to deliver its strategic milestones and had already taken action to improve performance in France.

Read Full Details

(For a live blog on European stocks, type LIVE/ in an Eikon news window). Bigger than usual seasonal increases in sea and air fares and higher theatre admission prices helped drive British inflation to a six-month high in August, official data showed. Before the inflation numbers, the FTSE 100 had been extending the previous day's rally as investors hoped a U.S.-China trade dispute was nearing endgame. The biggest FTSE 100 faller was Kingfisher, whose shares tumbled 4.5 percent after the home improvement retailer reported a 15 percent fall in half-year profits due to poor performance in France, where it owns the Castorama and Brico Depot brands.

Read Full Details

B&Q owner Kingfisher insists turnaround on track despite profits slump. Kingfisher said the profits slump came after earnings dropped by nearly a third in its French arm, while its bottom line was also knocked by costs of its ongoing revamp, range overhauls and higher labour costs. Screwfix like-for-like sales rose 4.5% in the first half. For the overall UK and Ireland business, retail profits edged 1.2% higher to £281 million. But it was a 31% tumble in constant currency profits to £122 million at its French arm that weighed on wider group profits in the first half. In the UK, the group said there was evidence of consumer “belt-tightening”, while Brexit uncertainty was also holding back the property market, which has a knock-on effect on demand for DIY products.

Read Full Details