Kingfisher falls most among FTSE 100 members
ITV soars on reported bid interest
FTSE 100 up 0.2, FTSE 250 flat

Nov 25 Reuters The UK39;s FTSE 100 traded at a threeweek high on Monday as a weaker dollar aided metal prices, outweighing a plunge in shares of Kingfisher after the home improvement retailer issued a profit warning.

Kingfisher shares tumbled 13.5, the biggest decliner among the FTSE 100 components, after it warned of a 45 million pound 57 million hit to 202526 profit from tax raising measures in government budgets in both the UK and France.

Kingfisher has a growth problem and until the backdrop radically improves, it is stuck in quicksand, slowing sinking, said Russ Mould, investment director at AJ Bell.

Consumer sentiment remains patchy and economic growth lacklustre, which suggests darker days ahead for Kingfisher.

The broader FTSE 100 edged 0.2 higher, with industrial metal miners in the lead.

Shares of Glencore, Rio Tinto and Anglo American rose between 0.61.7, as copper prices rebounded, helped by increased risk appetite after the choice of fund manager Scott Bessent as U.S. Treasury secretary.

Global stocks were on the front foot on hopes that Bessent might restrain debt levels. In an interview published on Sunday, Bessent told the Wall Street Journal that both tax and spending cuts were priorities. GLOBMKTS

Meanwhile, Bank of England Deputy Governor Clare Lombardelli said she was more worried about the risk that inflation comes in higher not…