Kingfisher completes second tranche of £300m buyback

Kingfisher announced the completion of the second tranche of its £300m share buyback programme on Thursday, which it initially announced on 19 September last year.

The FTSE 100 home improvement retailer said Goldman Sachs International managed the phase on Kingfisher's behalf, acquiring 19,944,368 shares for a total of £50m.

With the completion, Kingfisher said it had now returned £100m of the planned £300m to shareholders.

It said further information on the third tranche of the share repurchase programme would be provided in the near future.

At 1004 BST, shares in Kingfisher were down 1.14% at 260.2p.

Reporting by Josh White for Sharecast.com.