SIMON IRWIN LIBERUM CAPITAL
On an underlying basis we still believe that the business is trading well, and the newsflow should now get notably better through the rest of the year. We maintain our ‘Buy’ recommendation and 380p target price.
RICHARD HUNTER HARGREAVES LANSDOWNE
Kingfisher has held up the weather as a reason for this damp and dreary update...the fact that the share price remained virtually static in early trade is a testament to investors’ confidence in the stock, despite poor numbers.
PHILIP DORGAN PANMURE GORDON
As expected, Kingfisher’s profits were down, given the weather and the tough comparables. We remain buyers because the long-term opportunity is not affected and we see growth from the Creating The Leader programme.