July 30, 2006
Kingfisher To Open Broadly Flat- Trader
Kingfisher (KGF.LN) is expected to open broadly flat or slightly lower following 2Q sales trading update, says a trader. As expected, Kingfisher reported a poor performance by its core UK business B&Q while the group’s sales operations booked good numbers. However, a trader notes company comments about “early signs of progress at B&Q in the UK,” but says it’s still too early to call a recovery. Kingfisher closed at 236.50p Wednesday