London, England -- (SBWIRE) -- 04/18/2011 -- Financial spread betting news for March 25th from the market experts at City Index (http://www.cityindex.co.uk/)
Despite the Deutsche Bank positively rating retailer stocks, the share prices of Kingfisher have this morning (March 25th) taken a fall.
As of 13:56 GMT yesterday, Kingfisher share prices had rallied by more than eight per cent after the company revealed that for the year ended January 29th 2011, adjusted pre-tax profits had risen by 23 per cent to stand at £670 million.
For the full year, dividends had increased by 29 per cent and the Deutsche Bank recommended retailers to investors.
However, as of 11:18 GMT today, the share prices of Kingfisher had fallen by 1.11 per cent on yesterday's close.
Next also lost some of the gains it made yesterday when it too announced strong profits and revenues.
However, supermarket Sainsbury's managed to advance, despite other retailers including Tesco and Marks and Spencer losing some of their value on the FTSE 100.
On the announcement of its financial results, group chief executive of Kingfisher Ian Cheshire said: "I believe we have an exciting growth opportunity, sustainable over the longer term, by creating a business that is the world's expert at making home improvement easier for customers."
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