Kesa Electricals Share Discussion Threads

[sicker] 01/1/2004 12:51

As do the Scottish clans

Lang may yer lum reek.

[waldron] 31/12/2003 11:18

The French Connection wishes you all a Super 2004.


Meilleurs Voeux et Bonne Anneé

[maywillow] 31/12/2003 09:41

extract from Advfn news bulletin


Elsewhere on the high street, Kesa Electricals also stayed under pressure, losing 9 pence at 250-1/4 reflecting uncertainties over Christmas and New Year sales, and fading hopes of a possible bid for the group.

[waldron] 30/12/2003 21:37

Going Dutch a Bit

[grupo guitarlumber] 25/12/2003 06:04

The French Connection wishes you all a Very Merry Christmas and a Super 2004.


Meilleurs Voeux,Joyeux Noel et Bonne Anneé

[grupo guitarlumber] 25/12/2003 06:02

TOKYO (AFX-ASIA) - Major manufacturers of semiconductors and electronic
parts believe that flat-panel TVs will be next year's leading revenue generator,
replacing this year's leader, mobile phones, according to a survey conducted by
the Nihon Keizai Shimbun.
Spurred by the growth of digital home appliances, 69.6 pct of the surveyed
firms believe that the electronic parts business, after bottoming out in the
July-September period, will improve by as early as next April.
From next year on, revenue drivers will include flat-panel TVs, 87 pct of
the respondents said. DVD recorders got a 76.1 pct response rate, same as mobile
phones, the report said.
The survey was conducted in December on 70 major manufacturers of
semiconductors and electronic parts in Japan, including comprehensive electrical
machinery makers, and replies were received from 46 firms, the report added.
[e-mail]
nt/tr

[maywillow] 18/12/2003 12:47

RNS Number:4272T
Dixons Group PLC
18 December 2003


PR 114 2003
18 December 2003


DIXONS' COMMENT ON DTI RESPONSE TO THE COMPETITION COMMISSION REPORT INTO
EXTENDED WARRANTIES

Commenting on the DTI's response to the Competition Commission's report into
extended warranties, Dixons Group chief executive, John Clare said:

"We disagree with the conclusion that the market for extended warranties is
unfair, uncompetitive or that there is excessive pricing.

"It is our view that this market is extremely competitive as demonstrated by the
wide range of market entrants and variety of products which meet a clear
consumer need as recognised by the Competition Commission.

"As Sir Derek Morris said this morning: "Extended warranties undoubtedly provide
a valuable service.... (and) many purchasers were very satisfied with them." We
believe that is the case for the vast majority of our customers.

"We note that several of the remedies to be adopted are already practised by the
Dixons Group and we welcome the standardisation of these procedures across the
industry. We have some concerns about the practicality of others and look
forward to discussing their implementation in more detail."

Ends

For further details please call

Lesley Smith
Director Corporate Affairs 01727 203543

Hamish Thompson
Head of Press and PR 01727 203195
Dixons Group plc

Weber Shandwick Square Mile
Kevin Smith/Josh Royston/Cass Helstrip 020 7067 0700




This information is provided by RNS
The company news service from the London Stock Exchange

END
RSPEAAAPFLADFFE

[maywillow] 18/12/2003 12:22

LONDON (AFX) - The government is to ensure consumers get more information
about extended warranties on domestic electrical goods before they buy and
greater rights to cancel agreements.
The reforms are recommended in a Competition Commission report published by
Trade Secretary Patricia Hewitt, which brands the 500 mln stg a year extended
warranty market as "unfair and uncompetitive".
However, the government's verdict is more favourable to the electrical
retailers, Dixons Group PLC and Kesa Electricals PLC, than originally feared.
It decided against measures preventing retailers from completing a warranty
sale at the same time the underlying product is sold -- a measure that could
have had a potentially devastating impact on warranty sales.
The report, which followed a 15-month inquiry by the CC, found that selling
an extended warranty at point of sale is a huge competitive advantage for
retailers. It said this is because of the lack of information available to
consumers, the lack of competition at point of sale and excessive prices.
The collapse into administration last summer of Powerhouse, the UK's third
largest electricals retailer may have persuaded the government to take a more
lenient view.
jdd/ra

[waldron] 18/12/2003 06:40

LONDON (AFX) - Metronomy, a privately-funded start-up, has launched the
first ever mass give-away of personal computers in the UK striking a blow to
computer retailers like PC World and Currys owned by Dixons Group PLC.
"We are offering a free IBM PC to every household in the UK. This is the
first mass give-away of PC's in the UK," Metronomy chief executive John
Thornhill told AFX News.
The catch is the user has to accept up to three minutes of advertising for
every hour of computer use and run the PC for at least 30 hours a month.
The computer also has to be connected to the internet and the user has to
install a new CD containing adverts every month. If the CD is not loaded onto
the system it won't work.
In the first trial phase the company plans to give away 200,000 IBM-made PCs
worth some 800 stg each.
"We have to put a cap (200,000) on this until we can prove it works for our
advertisers," said Thornhill.
"The first live ads on the PC go out on April 1. We will review it again in
the summer with advertisers. In the second wave we won't have any limits on it,"
he added.
The company anticipates consumer demand for 2 mln free PCs in the UK over
the next three years.
Metronomy is supported by global ad agencies Omnicom and Interpublic who
will be able to target more closely potential customers based on information
they provide when they apply for the PC.
Metronomy was founded on capital provided by Terry Fisher who is best known
for turning Travelworld into the largest independent travel agency before
selling it to Airtours.
IBM said it had a "standard business-to-business supplier agreement" with
Metronomey. But neither party would disclose what Metronomey has agreed to pay
IBM for the PCs.
No one at Dixons could be reached for comment.
tf/shw

[waldron] 09/12/2003 20:27

LONDON, December 9 (New Ratings) – Analysts at Dresdner Kleinwort Wasserstein maintain their "hold" rating on Dixons (DXNS.L), while reducing their estimates for the company. The target price is set to 135p.

[grupo guitarlumber] 09/12/2003 14:34

LONDON, December 9 (New Ratings) — Analysts at JP Morgan downgrade Kesa (KESA) from “overweight221; to “neutral.̶1; The fair value is set to 240p.

[maywillow] 09/12/2003 09:36

Kesa Electricals was a downside feature, lower by 1-3/4 to 240 after JP
Morgan downgraded its recommendation to 'neutral' from 'overweight' after a
survey of Christmas shoppers suggested little interest in big ticket
electricals.
But larger peer Dixons outperformed, up -1/2 pence to 137-3/4
after selling its stake in the European property business Codic International
for 33 mln stg cash.

(Source - AFX News)

[maywillow] 08/12/2003 18:27

Extract from advfn news bulletin
Among the midcaps, Kesa Electricals reduced 6-1/4 pence to 241-3/4 ahead of
tomorrow's deadline for the Competition Commission's report into the sale of extended warranties on electrical goods.

Shares in the retailer were also hit by comments from UBS. After a meeting
with Kesa's management, the broker said was confident in its forecasts but noted that sales of extended warranties at the group were down by about 25 pct in the past 12 months.

Larger peer Dixons ended lower by 0-3/4 pence to 137-1/4.