UK DIY News
Bid talks surround Kingfisher
Bid talk surrounded Kingfisher on Tuesday afternoon, as the FTSE 100 finished up after a late surge.
US retailers Home Depot and Lowe's were cited as possible bidders for the B&Q owner, with a price of up to £3.50 a share. That would be a significant premium to the current price, which rose 2.3% to finish at 237p, and would value the group at more than £8bn.
The FTSE 100 ended 7 points up at 5,357, having nursed losses all day due to concerns that German economic growth had come in lower than expected. Sentiment turned more positive amid better-than-expected US industrial growth and Fitch affirming the US' triple A credit rating.
Source : Guardian.co.uk
www.guardian.co.uk/business/marketforceslive/2011/aug/16/kingfisher-bid-talk-as-ftse-rises
Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.
Don't miss out on all the latest, breaking news from the DIY industry
