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Shares rise on B&Q takeover rumours

Shares in Kingfisher, owner of DIY chain B&Q rose on the back of rumours of a takeover.

Suggestions that two US DIY chains – Home Depot could both make a move for the B&Q owner meant the group finished 5.2p higher at 236.5p.

As well as its flagship business in the UK, Kingfisher owns market-leading chains in Poland, France and Turkey.

However, it is not the first time the two US companies have been linked to Kingfisher, and it has also been suggested that it could be a target for private equity concerns.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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