lonkgf
Kingfisher (LON: KGF) share price has continued its short squeeze this year as investors bet on its recovery. It surged to 270.5p this week, its highest level since March 2023. It has soared by over 36% from its lowest level in 2023. Kingfisher’s earnings aheadKingfisher has become one of the biggest retailers in the UK. While its name is not well-known, its brands like B&Q, Castorama, ScrewFix, and TradePoint are well-known in Europe. Most of its sales are in the UK, Ireland, and France. Unlike its peer brands like Home Depot and Lowe’s, Kingfisher’s business did not boom during the Covid-19 ...
Invezz
“B&Q and Screwfix owner Kingfisher plc (LON:KGF) has again nailed our insatiable demand for DIY. The race for more space in our homes has kept demand booming for building and decorating materials. The working from home revolution has been a seismic change and has led so many people to re-evaluate the way they live. Doing deals from the kitchen table just isn’t going to cut it longer term, so they have been eyeing up extensions, renovations and outdoor offices instead. Q2 2021 hedge fund letters, conferences and more Kingfisher's Sales Were Up 22%Like for like sales were up 22% for the half yea...
ValueWalk
“It’s been a lacklustre start for the FTSE 100 despite some stellar retail sales figures showing consumers splurged big time in April. Q1 2021 hedge fund letters, conferences and more FTSE 100 Dips Below 7,000 MarkThe blue chip index dipped back below the psychologically important 7,000 mark. Caution appears to be the name of the game for many investors, with fears about rising inflation overhanging the market. B&Q owner Kingfisher plc (LON:KGF) was the biggest faller in early trading, down around 4%.There are concerns about ongoing supply chain issues, and the increase in shipping costs. But ...
ValueWalk
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