Kingfisher PLC (KGF.L)
22 Jan 2019
LONDON, Nov 21 UK shares jumped more than 1 percent on Wednesday for their best day in two months, helped by oil and banking stocks and upbeat results from Johnson Matthey, which soothed investor concerns about slowing earnings growth.
* Johnson Matthey rallies, Sage and Kingfisher sink after results
LONDON Kingfisher , Europe's second largest home improvement retailer, reported weak quarterly sales in France and said it would pull out of Russia, Spain and Portugal, sending its shares lower and raising questions over its plan to increase profit.
* Shares fall as much as 5.8 pct (Adds detail, analyst comment, shares)
LONDON, Nov 21 Kingfisher, Europe's second largest home improvement retailer, said on Wednesday it would exit Russia, Spain and Portugal so it can focus on markets where it has, or can reach, a market leading position.
Britain's Compass Group Plc appointed Kingfisher's Karen Witts as its chief financial officer on Thursday, the latest in a series of management changes at the world's biggest catering firm following the sudden death of its CEO.
* Kingfisher CFO Karen Witts to become finance chief at Compass
MILAN The $40 billion takeover of British broadcaster Sky and other new deals in Europe have broken a summer lull to bolster investor optimism over an M&A revival in the region.
MILAN, Sept 26 The $40 billion takeover of British broadcaster Sky and other new deals in Europe have broken a summer lull to bolster investor optimism over an M&A revival in the region.
LONDON Britain's top share index extended its rally on Wednesday to hit a near two-week high as investors focussed on hopes a U.S.-China trade war was losing intensity.
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