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12:27pm BST

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New Kingfisher boss axes 60 B&Q stores in UK
LONDON (Reuters) - Kingfisher (KGF.L), Europe's biggest home improvement retailer, plans to close 60 B&Q stores in Britain over the next two years at a cost of 350 million pounds ($517 million), saying it has too many shops for the size of the market.
Jobs hit as b&q closes 60 stores  
Kingfisher is closing 60 B&Q stores  
Market Chart
6,804.50 -86.93 (-1.26%)
17,119.72 -88.38 (-0.51%)
3,677.93 -41.50 (-1.12%)
3,778.57 -22.33 (-0.59%)

Top stories

UK economic growth has been revised up, giving the Conservative and Liberal Democrat parties a boost ahead of the closely-fought general election on May 7. According to the Office for National Statistics, the economy grew 0.6 per cent in the last three ...
... * FTSE 100 up 0.1 pct. * Set for largest quarterly gain since Q113. * Kingfisher up as investors welcome store closures. * Antofagasta boosted by M&A speculation.
THE ability of Britain's big banks to withstand global economic shockwaves including a dramatic slowdown in China and further deflation in the eurozone is to be assessed by the Bank of England in a new set of stress tests.
ATHENS (Reuters) - Talks between officials from Greece and its EU/IMF lenders in Brussels have ended without a deal on the country's reform plans and may continue next week, three Greek government officials said on Tuesday.
Thomas Cook's [IRDX RTHC] online bookings are 10% ahead of the same time last year, the travel company said today. Mobile and tablet bookings, it said, now represent a third of the total.

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