A recent kick-up in the shares at technology retailer Dixons Carphone (DC.) may suggest even greater momentum than outlined in its May trading statement ahead of its results next week. The group last month said in its fourth-quarter update that its headline pre-tax profits were expected to be between £445m and £450m for the year, so in the top half of previous guidance.
IC TIP:
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417p
Like-for-like revenues were up for the fourth quarter and the full year, management said, while net debt had fallen below £300m. Encouragingly, it had gained market share across electricals and mobile in the UK & Ireland, Nordics and Greece.
