Category: Kesa Electricals

Falling margins and tough retail conditions limited sales growth at Kesa Electricals as the Anglo-French retailer said that the uncertain market made it unclear what would happen in the crucial run up to Christmas.

There was more depressing news from the high street today as Kesa Electricals – Europe’s third largest electrical retailing group – reported that its Comet chain is expected to make a small loss for the first half of the year. Sales for the three months to the end of April at UK-based Comet dippe…

Electricals group Comet joined the list of under-pressure retailers today after its owner forecast a difficult market for its flagship business. Kesa Electricals, which also has a string of businesses on the continent, said the outlook for the UK market appeared “challenging” after seeing consu…

Comet salesman’s ‘bullying’ claim Comet said Gareth Sweeney’s sales of extras were ‘very poor’

Kesa Electricals, which was once part of the UK’s Kingfisher retail combine, yesterday announced weaker than expected Christmas sales in its crucial French market.

Shares in Kesa Electricals found themselves under heavy selling pressure yesterday as Deutsche bank warned investors that a bid for the retailer from Dixons is unlikely to emerge in the near term. Kesa dropped 7.25p to 256.5p, having soared nearly 13 per cent over the past month on speculation of…

LONDON, January 6 (New Ratings) – Analysts at Deutsche Bank downgrade Kesa Electricals (KESA.L) from “hold” to “sell.” The target price is set to 230p

LONDON, November 28 (New Ratings) – Analysts at JP Morgan reiterate their “overweight” rating on Kesa (KESA.L).

NEW YORK, August 01 (New Ratings) – Analysts at JP Morgan Securities initiate coverage of Kesa (KE4) with an “overweight” rating. The fair value is set to 240p.