Kingfisher and Wincanton to give insights into sharp end of shortages in Friday updates


Kingfisher is one of those companies that did well out of the coronavirus lockdowns but is now facing the harsher reality of a return to more normal trading.

The home improvement retailer has said already that it expects to see a 3.7% drop in like-for-like sales in the second half, not as bad as the 5-15% decline it had previously indicated, and still an increase of 9-13% compared to two years ago.

Full-year adjusted pre-tax profit will be GBP910-950mln, up from GBP786mln last year and GBP544mln in 2019.

Whether that those numbers change tomorrow will obviously be the focus as will the impact of any supply shortages and rising prices across a range of building materials in recent months.

Logistics group Wincanton is another that has been at the heart of the recent problems of HGV driver shortages.

Earlier this week, the group picked up a new contract with Primark, but how it is coping with rising costs of fuel and getting and keeping drivers and other staff might overshadow that.

Retail sales and UK government borrowing are key UK economic announcements.

Friday 19 November

Interims: Carclo (LSE:CAR) (Carclo (LSE:CAR)) plc, Great Portland Estates (LSE:GPOR) (Great Portland Estates (LSE:GPOR)) plc, Nextenergy Solar Fund Limited, Wincanton PLC (AIM:WIN) (Wincanton PLC (AIM:WIN))

Trading announcements: Kingfisher plc

AGMs: Diurnal (AIM:DNL) (Diurnal (AIM:DNL)) Group plc, Eenergy Group plc, Kcr Residential Reit plc, Keir Group plc, Marble Point Loan Financing Limited, One Heritage Group PLC (LSE:OHG) (One Heritage Group PLC (LSE:OHG)), Petra Diamonds (LSE:PDL) (Petra Diamonds (LSE:PDL)) Limited, Tcs Group Holding plc

Economic data: GFK Consumer Confidence (UK), Retail Sales (UK), Public Sector Net Borrowing (UK), Producer Price Index (GER), Current Account (EU)


Please enter your comment!
Please enter your name here