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Kingfisher secures $550m sustainability linked credit facility

12 January 2021 | 07:51am StockMarketWire.com - Home improvement retailer Kingfisher said it was 'comfortable' with the top end of current market expectations for annual pre-tax profit as 'strong' demand continued. Based on trading to date, the company said it was comfortable with the top end of the range of current sell-side analyst estimates for fiscal 2020/2021 adjusted pre-tax profit of £667 million to £742 million. Kingfisher said it had continued to experience 'strong' demand across its markets following its Q3 update in November. Fourth-quarter like-for-like sales to 9 January ...

12 January 2021 | 08:36am StockMarketWire.com - UK stocks tracked sideways in early trade on Tuesday as fears about the economic impact of a third nationwide Covid-19 lockdown were tempered by a bevvy of company earnings upgrades. At 0824, the benchmark FTSE 100 index had inched 2.04 points, or less than 0.1%, lower to 6,796.44. Home improvement retailer Kingfisher added 3.5% to 289.2p on announcing that it was 'comfortable' with the top end of current market expectations for its annual pre-tax profit as 'strong' demand continued. House builder Vistry rallied 3.6% to 984.5p, having guided for...

12 January 2021 | 16:45pm StockMarketWire.com - The FTSE 100 was off its lows for the day but still down 0.65% to 6,754.11 by the close as investors fretted about the pandemic. The S&P 500 was a smidge lower by 4.30pm UK time, trading down 0.78 points at 3,798.72. Home improvement retailer Kingfisher added 1.8% to 284.6p on announcing that it was 'comfortable' with the top end of current market expectations for its annual pre-tax profit as 'strong' demand continued. Housebuilder Vistry surrendered earlier gains to trade down 0.2% to 948p, having guided for a full-year profit at the upper end ...

After treading water the FTSE 100 sinks by lunch