Kingfisher plc·Consumer Cyclical

National Grid PLC (LSE:NG.), Associated British Foods PLC (LSE:ABF) and Kingfisher PLC (LSE:KGF) are among the companies acting as a drag on the FTSE 100 on Thursday, as part of a busy batch of blue-chip stocks trading ex-dividend.

Deutsche Bank reiterated its “sell” rating on Kingfisher PLC (LSE:KGF) after the DIY retailer reported first-quarter sales broadly in line with expectations and maintained full-year guidance. The B&Q and Screwfix owner said it still expects adjusted pre-tax profit of £565 million to £625 million for the 2026 financial year, compared with market forecasts of £589 million.

Screwfix tools posted 4.1% like-for-like sales growth, but the home-improvement retailer said results overall were hurt by the late start to spring hitting footfall.

B&Q and Screwfix owner Kingfisher PLC (LSE:KGF) saw sales shrink in the first quarter compared to last year but said it remains on track to meet full-year guidance. The DIY retailer, which also owns Castorama and Brico Dépôt in France, reported underlying like-for-like sales down 0.7% in the three months to 30 April, while total sales rose 1.4% to £3.3 billion.

HWY 37 & Forrest Kerr Projects | Golden Triangle, British Columbia Including 15,000 m Diamond Drilling Program in the Hank-Mary District VANCOUVER, BC / ACCESS Newswire / May 7, 2026 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") is pleased to outline the scope of its fully funded 2026 exploration program at the HWY-37 and Forrest Kerr projects, located in the highly prospective Golden Triangle of British Columbia. This exploration program is designed to advance the newly discovered Hank porphyry Cu-Au system while systematically expanding and de-risking the Company's broader regional target pipeline.

Multiple U-Pb and Re-Os dates between 190-186 Ma establish that the Hank-Mary district formed within a minimum 4-million-year period during a key regional gold-rich mineralization window. The closest age porphyry deposit is Mitchell (KSM), the largest Cu-Au porphyry deposit in Canada and the closest age epithermal deposit is Brucejack Au-Ag.
Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing and franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands. The company provides its products through various channels, such as home improvement specialist stores and e-commerce. Kingfisher plc was incorporated in 1982 and is headquartered in London, the United Kingdom.
Consumer Cyclical
Home Improvement
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1996-11-18
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