Kingfisher completes £50m share repurchase

Kingfisher confirmed on Wednesday that its programme to purchase Kingfisher shares for cancellation, which it announced on 24 May, has now completed.

The FTSE 100 company said Barclays Capital Securities, which undertook the programme on Kingfisher's behalf, purchased 16,546,878 shares for a total consideration of £50m.

“As a result, Kingfisher has now returned £550m out of the £600m capital return programme announced at the Capital Markets Day in January 2016,” the board said in its short statement.