Merrion selects Kingfisher as pick of the week

Published:  04 November, 2011

DUBLIN: Irish financial services firm Merrion has picked Kingfisher for its stock of the week.

In an article in the Irish Independent Merrion said that B&Q owner Kingfisher was "the clear leading European home improvement retailer with scale advantage and geographical diversification".

Given the self-help opportunities in the UK, double-digit earnings growth property backing, scope for margin expansion and the longer-term prospects of a cyclical recovery in UK DIY, the shares look undervalued, added Merrion.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight

We have vacancies all over the UK for those who work within the Building Supplies sector.

Events Diary