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IN BRIEF: Kingfisher starts final part of £300 million share buyback

ALN

Kingfisher PLC - London-based home improvement products retailer - Starts fifth and final tranche of the £300 million share buyback it started back in March last year. The £75 million buyback will be run by Goldman Sachs International and be completed by March 20. Kingfisher last week completed the programme’s £50 million fourth tranche, which was run by Morgan Stanley & Co International PLC. All shares repurchased in the programme will be cancelled to reduce share capital.

Current stock price: 337.10 pence for £5.77 billion market value, up 1.7% on Wednesday morning

12-month change: up 37%

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