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Kingfisher shares surge as DIY grips Europe

The home improvements retailer experienced rapid online sales growth in its second quarter
Kingfisher shares surge as DIY grips Europe

Kingfisher (KGF) shares soared by more than a tenth after a second-quarter trading update revealed the benefits of an apparent DIY surge across Europe. Group sales rose by a quarter last month, while e-commerce sales rocketed by 225 per cent.

IC TIP: Hold at 250p

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