Summary
WHEN a major Footsie company's own stockbroker takes a chainsaw to its profit forecasts ahead of a trading statement, it is bound to cause a stir.
That is exactly what happened to Kingfisher, which nosedived 9p to 230p on a hefty turnover of 39m following a swingeing downgrade by Credit Suisse.See the full content of this document
Extract
Kingfisher's Wings Clipped
An update on its performance during the crucial fourth quarter is due on February 16.
CS's retailing guru Tony Shiret slashed his 2006/07 pretax profit estimate by 12pc to Pounds 410m and the following ye...See the full content of this document
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