London, Feb 16, 2026, 10:34 GMT — Regular session
- Kingfisher (KGF) slipped 0.7%, pulling back after hitting a new 52-week high earlier in the session.
- DIY retailer said it’s kicking off another tranche of share buybacks as part of its £300 million programme.
- Eyes are turning to March’s full-year results, while UK data is drawing attention, too.
After setting a new 52-week high earlier at 367.30 pence, Kingfisher shares slipped back, trading at 360.10 pence—down 0.66% by mid-morning in London. The latest numbers reflect delayed pricing.
The pullback comes at a tricky moment: Kingfisher is hovering close to a one-year high just before its next results. After a sharp rally, the margin for error has narrowed. Full-year figures are on deck for March 24.
Kingfisher reported Monday it snapped up 716,732 shares for cancellation on Feb. 13, paying a volume-weighted average of £3.5778 each. The deal falls under the retailer’s ongoing £300 million buyback.
London’s FTSE 100 inched up 0.41% by mid-morning, lifted by a bounce in financial shares. Investors kept an eye on fresh UK inflation and retail sales figures due soon, according to Reuters.
Buybacks reduce the number of shares out, often boosting earnings per share if profits stay steady. But they don’t affect demand for drills, paint, or kitchens—that’s where the real test comes in.
Kingfisher announced its fifth buyback tranche, authorizing up to £75 million in share repurchases through March 20.
Kingfisher operates a range of retail brands in Europe, with names like B&Q, Castorama, Brico Dépôt, and Screwfix among its banners.
Kingfisher’s most recent trading update put its forecast for adjusted profit before tax for the year ending January 2026 at £540 million to £570 million.
Bulls are staring down one obvious threat. Should consumers start to rein in big-ticket purchases, or balk at elevated borrowing costs, the shares could just as easily lose their gains after hitting fresh highs.
