Takeover talks for Kingfisher Leisure by an unidentified suitor have collapsed.

The company announced on March 12 that it had received an approach which might or might not lead to an offer.

But at a meeting between the two companies no offer terms were proposed and no further talks are planned.

Kingfisher also said it had agreed to sell its property in Redhill, Surrey, to Luminar Dancing for £4.5m.