LONDON BROKER RATINGS: RBC cuts AB Foods; JPMorgan raises Mondi
14th May 2025 09:30
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
Kingfisher PLC - London-based home improvement retailer and owner of B&Q and Screwfix - completes the sale of its Brico Depot Romania business to Altex Romania for an enterprise value of EUR70 million, around GBP59 million. The sale, announced in December, sees Kingfisher exit Romania just over a decade after entering in 2013. The sale includes a network of 31 stores in 24 cities in Romania, together with distribution operations and a head office in Bucharest. Altex currently operates 130 electronics and home appliance stores in Romania. The business being sold generated GBP269 million in sales in financial 2024, 2.1% of total Kingfisher sales. It suffered a retail loss of GBP18 million and free cash outflow of GBP17 million. Read More
Kingfisher PLC - London-based home improvement retailer and owner of B&Q and Screwfix - Launches first tranche of its GBP300 million share buyback announced in March, for up to GBP50 million. Repurchase of shares will be carried out by Goldman Sachs International, beginning on Monday and ending no later than June 23. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - The FTSE 100 closed higher on Tuesday, taking heart from renewed strength on Wall Street, and gains in Shell after a well received strategy update. Read More
(Alliance News) - Kingfisher PLC on Tuesday kept its dividend flat and and announced a new GBP300 million buyback programme as said it was "in its best operational shape for years". Read More
(Alliance News) - Stock prices in London opened in the green on Tuesday, driven by a slew of full-year results and ahead of UK Chancellor Rachel Reeves' spring statement on Wednesday. Read More
(Alliance News) - The FTSE 100 was called to open lower on Tuesday, following a US tech stock rally on Monday and ahead of a slew of US data readings. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced in the past week and not separately reported by Alliance News: Read More
Kingfisher PLC - London-based home improvement retailer - Concludes GBP300 million share buyback programme announced in September. The fifth and final GBP75 million tranche was executed by Goldman Sachs International. In the final tranche, 30.3 million shares were purchased. Read More
Mitie Group PLC - Glasgow-based engineering, security, cleaning and hygiene services provider - Hires Christopher Rogers to be its next board chair, joining the board immediately and replacing Derek Mapp as chair at the annual general meeting on July 22. Mapp will leave the board after serving for eight years. Rogers currently is chair of home improvement retailer Wickes Group PLC and senior independent director of nutrition products maker Kerry Group PLC. As an executive, he was chief financial officer of Whitbread PLC and then global managing director of its Costa Coffee arm until 2016. Costa was sold to Coca-Cola Co in 2019. Prior to Whitbread, Rogers worked at retailers Kingfisher PLC and Woolworths. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - Stock prices in Europe were lower on Wednesday afternoon, in cautious trade, as tariff worries continue to hang over equities. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
Kingfisher PLC - London-based owner of B&Q, Screwfix and Castorama - Starts on Friday final tranche of GBP300 million share buyback programme announced back in September 2023. Says the maximum amount allocated for this fifth tranche is GBP75 million, and it will end no later than March 24. The tranche will be conducted by Goldman Sachs. Kingfisher has repurchased 85.3 million shares so far under the buyback programme. Read More
(Alliance News) - The FTSE 100 showed early promise but faded into the close ahead of an expected interest rate cut in the US later on Wednesday. Read More
(Alliance News) - Stock prices in London were mostly higher at midday Wednesday, ahead of the US Federal Reserve's interest rate call where a quarter-point cut is widely expected. Read More
Kingfisher PLC - London-based home improvement products retailer - Sells Brico Depot Romania business to local retailer Altex Romania for an enterprise value of EUR70 million, exiting the country just over a decade after entering in 2013. The sale includes a network of 31 stores in 24 cities in Romania, together with distribution operations and a head office in Bucharest. Altex currently operates 130 electronics and home appliance stores in Romania. The business being sold generated GBP269 million in sales in financial 2024, 2.1% of total Kingfisher sales. It suffered a retail loss of GBP18 million and free cash outflow of GBP17 million. Kingfisher notes that the disposal doesn't affect its Brico Depot store chains in France, Spain and Portugal. Read More
(Alliance News) - Stock prices in London opened higher on Wednesday morning, as investors prepare for the week's cluster of rate calls to kick off with the US Federal Reserve's decision this afternoon. Read More