That stock News

Meanwhile Darty, French chain of Kesa, profit increased 16pc over six months to 31 October. The contrast in representations of strings will increase speculation Kesa can be subjected to a burst.

Knight Vinke u.s. shareholder activist, has built a participation Kesa in recent months, sparks talk on the market which Kesa could be distributed.

Wednesday Thierry Falque-Pierrotin, Chief Executive said the Kesa with Knight Vinke relationship is "normal."

Kesa pre-tax profits rose to €27. 2 m (￡ 22 8 m) €7. 1 m last year. Total sales increased by 2 5pc in constant currency, €2. 77bn of. 66bn 2 euros.

Comet, retail losses were €6. 4 m to losses of €1. 8 m last year. Like-for-like sales dropped by 3 7pc chain. In contrast, Darty retail profit was €59. 8 m compared with €51. 4 m last year. Like-for-like sales rose by 2 2pc.

Philip Dorgan, stockbroker Altium, analyst says that there is value in society which may be carried out under current plans branch. However, he added: "It's also a decent argument that its current structure of the Group makes little sense."

Shares fell by 2.3 percent 169.6. KESA will pay an interim dividend of 2.25 cents up to 15pc on last year, on 1 April of next year.

View the original article here