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Kingfisher (KGF) is the European largest retailer focused on the sector of home improvement. The company has more than 1,000 stores worldwide and has operations in 10 European countries. Kingfisher has a workforce of almost 75,000 specialists and customers’ numbers are approaching the 6 million mark. Their portfolio of brands includes Castorama, B&Q, Brico Dépôt and others.The company’s shares are traded on the London Stock Exchange (LSE) and on the OTC market as American Depositary Receipts (KGFHY). Kingfisher is a constituent of two investment indices – Dow Jones Sustainability Index and the FTSE4Good.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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