India, March 25 -- Shares of Kingfisher Plc were losing around 14 percent in the trading on the London Stock Exchange, after the home improvement retailer reported lower results in fiscal 2024, and issued fiscal 2025 outlook, expecting between a decline and growth in adjusted profit.
The company also announced a stable dividend and 300 million pounds buyback, and said it remains confident about the medium to longer-term outlook for the sector.
Thierry Garnier, Chief Executive Officer, said, "Looking to the year ahead, the recent government budgets in the UK and France have raised costs for retailers and impacted consumer sentiment in the near term. With this in mind, we remain focused on what is in our control - progressing our strategic ...