Kleeneze News and Media Announcements

Kleeneze Media coverage & News articles

Kleeneze PLC has changed its name to European Home Retail Plc - report provided by Hoovers.com (a Dun & Bradstreet company)

All articles display their original source. Older articles are removed to maintain freshness and relevance. 

Kleeneze buys Kitbag Sports for 6.0 mln stg cash and 1.3 mln new shares
Sharewatch Mon, 04 Apr 2005 2:39 AM PDT
LONDON (AFX) - Kleeneze PLC has bought internet sports retailer Kitbag Sports Ltd for 6.0 mln stg in cash and the issue of 1,309,898 new Kleeneze shares. Additionally, 300,000 stg in cash is held as a contingent deferred payment.
From The Independent, 18 January 2005
Kleeneze, the once sleepy catalogue business, rose 24.5p to a fresh high of 191p as brokers the stock to be a major winner in 2005. In the short-term, the prospects for the group's internet based IWantOneofThose.com (IWOOT.com) gadget reseller and its TV shopping channel joint venture, to be launched in March, seem to be causing much of the excitement. IWOOT.com is believed to be the number one player in the market for gadgets, and already profitable, while its TV shopping business is also tipped to be seriously cash generative once up and running.
From The Independent, 15 December 2004
It used to be best known for employing an army of doorstep salesmen and women selling mops and brushes and dusters, but now Kleeneze is embracing the technological age using television and the internet to flog its wares.
Full Story
(AFX UK Focus) 2004-12-15 07:54 GMT: Kleeneze H1 pretax profit 4.25 mln stg vs loss 9.17 mln
Interactive Investor Wed, 15 Dec 2004 0:00 AM PST
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Kleeneze buys net retailer IWOOT for 10.6m
Edinburgh Evening News - Oct 27 4:59 AM
HOME-SHOPPING company Kleeneze has paid around 10.65 million for I Want One of Those.com (IWOOT), an internet retailer offering gifts, gadgets and lifestyle accessories.

Kleeneze acquires gadets website
Retail Bulletin, United Kingdom - Oct 26, 2004
Home shopping specialist Kleeneze is acquiring I Want One of Those.com, the internet retailer of gifts, gadgets and lifestyle accessories. ...

Market Report: German rival injects life into Alliance UniChem
Independent, UK - Nov 15, 2004
... Gossip of a "pleasant surprise" at a trading update a week today. ↑ Kleeneze 133.5p (up 8.5p, 6.8 per cent). Positive tipsheet comment. ...

Analysts dig deep on field trip to mine
Guardian, UK - Nov 15, 2004
... Ashtead Group added 3p to 77p on talk that trading at the support services firm has been strong while Kleeneze gained some speculative support, up 8.5p at 133.5 ...

Jessops hopes to snap up 100m
Telegraph.co.uk, UK - Oct 19, 2004
... The company has appointed Gavin Simmonds, chairman of clothing chain Peacock Group, as its chairman and William Rollason, the chief executive of Kleeneze, as a ...

Firms strike it rich as oil prices soar
The Scotsman, UK -Oct 29, 2004
... Home-shopping company Kleeneze paid around 10.65m for I Want One of Those.com, an internet retailer offering gifts, gadgets and lifestyle accessories.

Glaxo Appointment
Scotland on Sunday, UK - Oct 26, 2004
... Swindon-based home shopping group Kleeneze said it was buying online gadget, gifts and accessories retailer I Want One Of Those.com for up to 10.6 million. ...

29 Sep 2004 Kleeneze confident of achieving FY trading expectations...

29 Sep 2004 Home Shopping group to launch 'Eezee' TV 

 

Kleeneze offloads unit in cut price sale

Kleeneze has offloaded its loss-making display marketing business DMG for just over one eighth of what it paid for it less than three years ago.

DMG - which was recently renamed The Wonderful Book Company - was sold to Premier Direct for just 4.1 million, a fraction of the 31.5 million Kleeneze paid for the business in November 2000.

Chief executive William Rollason admitted the price was "disappointing" but said the sale cleared the way for the group to concentrate on its profitable Kleeneze and Farepak businesses.

While the group's remaining businesses made operating profits of 8.5 million in the year to April 30, up 20% on last year, DMG ran up losses of 10.8 million.

And after a 33.4 million goodwill writedown on the value of DMG, the business made pre-tax losses of 44.2 million.

The DMG figure dragged the Swindon-based group into the red with pre-tax losses of 36 million but Kleeneze said the disposal would allow it to concentrate on exploiting "excellent opportunities" for the remaining businesses.

Mr Rollason said: "It is disappointing to have sold DMG for 4.1 million when the Group purchased it for 31.5 million in November 2000.

"However, following a detailed strategic review in which we considered the three options of retention, disposal and closure, we concluded that any potential upside from reducing the operating losses at DMG was not sufficient; and the costs and risks of closure were too great.

"This disposal clears the decks and will enable us to exploit much more quickly the excellent opportunities for Kleeneze UK and Farepak."

The Kleeneze catalogue business saw turnover grow 5.5% to 86.3 million and operating profits rise by a fifth to 6.6 million with a particularly strong performance from its newer health and beauty lines.

Story filed: 09:14 Friday 25th July 2003

Ananova found 5 matching items
 

Displaying all 5 results:

Kleeneze sees FY pretax not less than 8.5 million; DMG, Tranford 'disappoint'   
Kleeneze PLC said it expects profit before tax for the full year ending April 30 2002 to be not less than 8.5 million....
story date: 25/04/2002


Today's UK company results   
DXNS Dixons Group PLC 28 weeks to November 10 2001...
story date: 09/01/2002


Kleeneze sees FY pretax similar to yr-earlier; H1 pretax lower   
Kleeneze PLC said it expects to report pretax profit for the full year at a similar level to a year earlier after revealing a slip in profits for the six months to Oct 31....
story date: 09/01/2002


Kleeneze offloads unit in cut price sale   
Kleeneze has offloaded its loss-making display marketing business DMG for just over one eighth of what it paid for it less than three years ago....
story date: 25/07/2003

 

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