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* Shares of European home improvement retailer Kingfisher up 1.5% at 323.8p * Co names Sebastian Gundel as new CEO, replacing Thierry Garnier * Bhavesh Mistry to serve as interim CEO during the month of January to support transition * KGF up ~4% YTD (Reporting by Anushka Chourasia in Bengaluru) ((Anushka.Chourasia@thom
European shares were subdued at open on Tuesday, as investors awaited developments on potential U.S.-Iran talks, while oil prices gained for the first time in five sessions. Energy stocks gained 0.4% tracking a rise in oil prices. Retail shares were a bright spot, up 1.3%, boosted by gains in Kingfisher. Insurance shar
* Shares of European home improvement retailer Kingfisher up 10.3% at 336.7p; Stock is top gainer on FTSE 100 * KGF raised its FY adj profit guidance to range of £595 mln ($795.4 mln) to £635 mln Vs prior guidance of £565 mln($761.45 mln) to £625 mln * Co posts HY Adj PBT of £404 mln Vs £368 mln a year ago * HY Total s
(This story was generated using AI and automation, please see disclaimer ) Overview UK home improvement retailer's H1 revenue grew slightly, driven by higher customer transactions Adjusted EPS for H1 rose 16% yr/yr, supported by profit growth Company upgraded FY guidance and continued £300 mln share buyback, £125 mln p