KGF Kingfisher plc

The FTSE 100 index ended down 10.37 points, or 0.1%, at 10,684.88.

Statutory pre-tax profit was £400m, up 18.4%, while adjusted pre-tax profit increased 9.9% year-on-year to £404m.

Kingfisher PLC (KGFHF) lifted its full-year profit and free cash flow outlook after H1 adjusted pre-tax profit rose 9.9% to GBP404 million, powered by Screwfix, marketplace, and trade sales growth.

The B&Q owner jumped after strong Screwfix trading, better margins and growing digital sales prompted another upgrade to full-year profit expectations.

European bourses tracked moderately higher midday Tuesday as traders favored tech shares and weighed

Kingfisher (LON:KGF) reported higher first-half profit and upgraded its full-year outlook, citing gross-margin gains, cost discipline and continued growth in trade, e-commerce and marketplace operations despite mixed conditions across its home-improvement markets. Adjusted pre-tax profit rose 9.9%

Kingfisher Mining Ltd (ASX:KFM) managing director Chris Bittar spoke with Proactive's Stephen Gunnion about the company's strategy to transition from an exploration story towards a near-term development story, led by its high-grade Copper Blow copper-gold project around 20 kilometres south of Broken Hill. Bittar said recent drilling at Copper Blow has confirmed high-grade copper-gold mineralisation and validated the company's geological model, building on historical drilling across the project. Mineralisation has now been defined over around 600 metres and remains open at depth and along strike, offering scope to grow tonnes towards a future resource. "The next round of drilling is probably just purely going to focus on the size of the system," Bittar said, with Kingfisher aiming to finalise a maiden Mineral Resource by year-end. He also highlighted wider exploration potential, with another three to four kilometres of trend essentially untested using modern drilling techniques, to be investigated once the main Copper Blow mineralisation advances towards a resource. A key part of the development pathway is Kingfisher's mining and processing agreement with Broken Hill Mines, giving access to the 750,000-tonne-a-year Rasp processing plant - an option Bittar said offers a lower-capital, shorter-timeframe route compared with a standalone project. Kingfisher is aiming to have a drill rig on site in October, with metallurgical test work under way on the oxide and transitional ore. Work continues at Wellington and Cobar, though Copper Blow remains the company's main focus for the rest of the year. Visit Proactive’s YouTube channel for more videos, and don’t forget to give the video a like, subscribe to the channel and enable notifications for future content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #KingfisherMining #CopperBlow #Copper #Gold #CopperGold #Mining #CopperExploration #MineralExploration #BrokenHill #Drilling #MineralResource #MiningStocks #Resources #AustralianMining #Proactive

Sept 22 (Reuters) - European shares were subdued at open on Tuesday, as investors awaited developments on potential US-Iran talks, while oil prices gained for the first time in five sessions.

B&Q like-for-like sales in the UK and Ireland dropped 1.8% over its second quarter, with sales of so-called big ticket items plunging 8.1%.