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IN BRIEF: Kingfisher launches first tranche of £300 million buyback

ALN

Kingfisher PLC - London-based home improvement products retailer - Launches the first £75 million tranche of its new £300 million share buyback programme. The firm says BNP Paribas SA will conduct the buyback, which will end by June 30. Last month, Kingfisher said it will purchase £300 million of its shares for cancellation, after completing another £300 million buyback.

Current stock price: 305.30 pence, up 1.7% on Friday morning in London

12-month change: up 23%

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