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Britain's Kingfisher raises profit guidance on pandemic DIY boom


By Reuters Staff
1 Min Read
LONDON, May 20 (Reuters) - British home improvement retailer Kingfisher on Thursday raised its first half profit outlook as it continued to benefit from strong demand during the COVID-19 pandemic.
The group, which owns B&Q and Screwfix in the United Kingdom and Castorama and Brico Depot in France and other markets, said it now expected first half adjusted pretax profit to be in the range of 580 million pounds to 600 million pounds ($818-$847 million). ($1 = 0.7087 pounds) (Reporting by James Davey; editing by Michael Holden) ....

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UPDATE 1-Tech group Solutions 30 brings forward business update to May 21


By Reuters Staff
(Adds detail and background)
PARIS, May 19 (Reuters) - Solutions 30 on Wednesday said it would issue a business update on May 21, not May 25 as planned, after France’s AMF market regulator called on the technology services group to publish its results.
Shares in Solutions 30, which is headquartered in Luxembourg and listed in Paris, have been suspended since May 10.
The company, which has a stock market value of around 1.1 billion euros ($1.4 billion), has filed a defamation suit against hedge fund Muddy Waters in response to a critical report by the short seller, which has a position betting on a fall in Solutions 30’s share price. ....

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