B&Q owner Kingfisher plc is exiting the Romanian market through the sale of its Brico Dépôt Romania business to Altex Romania for an enterprise value of €70 million (£58.00 million). The transaction includes 31 stores in 24 cities, along with distribution operations and the head office in Bucharest.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISEMMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / December 17, 2024 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") is pleased to announce that due to demand the Company will increase its previously announced non-brokered private placement of units (the "Units") at a price of $0.165 per Unit to aggregate gross proceeds of up to $1,750,000 (the "Offering"), which was previously announced on December 10, 2024. Each Unit will consist of one common share and one-half of one transferable common share purchase warrant.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISEMMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / December 10, 2024 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") is pleased to announce a non-brokered private placement of units (the "Units") at a price of $0.165 per Unit for aggregate gross proceeds of up to $1.25 million (the "Offering"). Each Unit will consist of one common share and one-half of one transferable common share purchase warrant.
VANCOUVER, BC / ACCESSWIRE / December 5, 2024 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") is pleased to report the voting results for the Company's annual general meeting of shareholders (the "Meeting") held on December 4, 2024, in Vancouver, British Columbia. Shareholders fixed the number of directors at six (6), and all five (5) of the nominees, as set forth in the Company's Management Information Circular dated November 4, 2024 (the "Circular"), were elected as directors of Kingfisher at the Meeting.
B&Q owner Kingfisher plc's third-quarter results published yesterday were weaker-than-anticipated, Deutsche Bank analysts said in a research note. Given Kingfisher's 12% share price bombing on the day, that may be understating it.
B&Q and Castorama owner Kingfisher said it was well stocked with Christmas products, thanks to a strategy of building up inventory early to mitigate the risk of supply chain disruption.
Kingfisher plc's share price bombed more than 12% today after the B&Q owner warned of a costly financial impact following Labour chancellor Rachel Reeves' Autumn Budget. Kingfisher tightened its full-year profit guidance and said the Budget will add approximately £31 million to next year's expenses.
B&Q owner Kingfisher plc's group-wide sales fell 0.6% on a year-on-year basis in the third quarter, with a sharp 6.4% decline in its second-largest market France offsetting low-single-digit gains in the UK and Ireland. Both markets are facing uncertainty due to their governments' respective Budgets, said chief executive Thierry Garnier.
European home improvement retailer Kingfisher lowered the top end of its annual profit outlook as it reported a 1.1% fall in underlying sales for its third quarter, reflecting a weak market and consumer in the UK and France in October.
Kingfisher kicks off the week's proceedings on Monday with a third-quarter update.
Kingfisher PLC (LSE:KGF) trading update next week (Monday 25 November) should contain some encouraging trends but might have a sting in the tail, believes US bank Citi. UK trading at B&Q and Screwfix should be positive, France has easier comparatives and weakness in Poland should be modest.
VANCOUVER, BC / ACCESSWIRE / November 12, 2024 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") is pleased to report new drill targets generated from the 2024 field program at the HWY 37 Project in the Golden Triangle, British Columbia. SIX NEW DRILL TARGETS: 1.