Kingfisher starts third tranche of 300 million stg share buyback

LONDON (Reuters) – 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)

(Reporting by James Davey, Editing by Louise Heavens)

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