Kingfisher begins capital return

Kingfisher, Europe’s largest home improvements retailer, said yesterday it had begun its programme to return £200m to shareholders this year after buying and cancelling 500,000 ordinary shares. It paid between 409.9p and 414.95p for the shares. The B&Q and Screwfix owner announced last month that it would launch a multi-year programme starting with £200m in this year – its first capital return since the group was formed 32 years ago.