Kingfisher Flies 19% Higher As Profits Estimates Hiked
1. Kingfisher increased full-year profit forecasts after strong first-half trading. 2. Total sales rose to £6.8 billion, with operating profit up by 2.1%. 3. UK sales grew by 4.5%, but France faced a 2.4% decline. 4. Share buyback program accelerated to £300 million due to improved cash flow. 5. Analysts caution about muted overall revenue growth amidst regional challenges.