Kingfisher starts third tranche of 300 million stg share buyback

LONDON – British home improvement retailer Kingfisher said on Tuesday it will start a third 75 million pound ($101 million)tranche of its share repurchase programme.

Last September the group, which owns B&Q and Screwfix in the United Kingdom and Castorama and Brico Depot in France and other markets, committed to purchase 300 million pounds of its shares for cancellation.

($1 = 0.7421 pounds)