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ARE YOU CHEERED BY KINGFISHER'S UPDATE?

<strong>RICHARD HUNTER </strong>HARGREAVES LANSDOWN<br />The inadvertent leak of the positive surprise has today been confirmed by Kingfisher, which has enjoyed a 35 per cent hike in profits.&nbsp; Good weather, the removal of competition such as MFI, a close eye on cost and stock control and the revamping of its offerings have all helped.<br /><br /><strong>MATTHEW MCEACHRAN </strong>SINGER CAPITAL<br />We believe that many of the factors behind this strong performance are&nbsp;'continuing' in nature and not necessarily one-off&nbsp;or driven by the seasonal trading conditions, although clearly the spring weather has helped.<br /><strong><br />DAVID JEARY </strong>INVESTEC<br />The upgrade momentum of the business has been very impressive over the past 12 months.&nbsp; Our view on Kingfisher remains tempered by our continued concerns on France and the rate of recovery in China, although the news on cost savings and store closure provides&nbsp; some comfort.