London Market Report


(Open): The London market opened flat but shares in B&Q owner Kingfisher fell after its latest trading update.

Kingfisher shares dropped 4.5% despite it posting a 20% rise in retail profit to £142m for the 13 weeks to 3 May.

The benchmark FTSE 100 index was up 4.09 points at 6,855.31.

Shares in power provider Aggreko were down 2.2% at £17.11. The company announced on Thursday that British Gas boss Chris Weston was to be its new chief executive.

Shares in Centrica - the owner of British Gas - slipped 0.,1% to 330.60p.

On the currency markets, the pound dipped 0.04%% against the dollar to $1.6705 and edged down 0.03% against the euro to 1.2291 euros.