KINGFISHER

Kingfisher rose about 12% after reporting half‑year results that beat expectations. RBC described the outcome as strong; profits exceeded expectations in all regions and the company raised its full‑year outlook. » Mere på finanzen.net

Kingfisher’s shares rose by more than eight percent after the company published half‑year results that, according to analyst Richard Chamberlain, were ahead of expectations in some regions. The firm also raised its forecast, which supported the rally. Overall, however, the market remained cautious, weighed down by high oil prices and fragile sentiment. » Mere på finanzen.net

J.P. Morgan has placed Kingfisher on "Negative Catalyst Watch" ahead of its half‑year results and expects pre‑tax profit for the first half of £359m, about 3% below consensus. The bank cites a heatwave weighing on the B&Q business in the UK and forecasts a 1% decline in B&Q like‑for‑like sales. J.P. Morgan retains its "Underweight" rating and 290p price target, flags uncertainty over the CEO successor and the UK property market, and sees full‑year results at the lower end of guidance. » Mere på de.investing.com