Kingfisher set to test investor optimism at first-quarter update

  • Kingfisher PLC (LSE:KGF) shares seemed harshly hammered when the owner of B&Q and Screwfix posted full-year results in March, but until last week had bounced back by almost a third as investors seemed to gain confidence in its upcoming trading update. The improvement was part of a broader UK retail rally, as backers seemed to cast aside worries over weak consumer confidence and rising costs.