Airlines Deals

Encouraging signs at Kingfisher’s (KGF.LN) core B&Q unit should raise the retailer’s share price, says Investec. The 2.4% fall in 2Q comparable sales is 2% better than forecast, more importantly gross margins are flat, against a 100bp forecast decline, broker adds. “Some slightly slower growth in France than in 1Q takes a little steam out of the update, but overall this underlines our trading buy stance,” Investec says. Broker has a hold rating on Kingfisher. Kingfisher +3.6% at 245p. (LEV)