Kingfisher has failed to lift itself from the doldrums, after results last week sent the share price reeling. The company fell 6% last Thursday as it reported a drop in margins and a smaller-than-forecast lift to sales thanks to recent warm weather. Although profit growth was stronger, a warning about slower sales growth in the second quarter meant that sentiment was firmly weaker.
Reed Elsevier’s surge to fresh all-time highs has continued this morning, pushing the shares into overbought territory. There is currently little sign of a pullback, and the stock has pulled firmly ahead of the FTSE 100 in the past month, leading with a 6% gain for the year so far versus 1.7% for the index.