Dixons

The shares for Dixons have risen 7.4%, which has shocked them as it is better than they expected. They own currys and PC world so if any losses were made it would of been pretty bad.

They said underlying pre-tax profts fell 17%. Making £70.8m, this beats what they expected. It's sales however were up by 5%, meaning they have a reasonably strong position for the next year. Their net debt has almost halved to 104m.

Electrical retail outlets are being outdone by online retailers as the online retailers have better margins. Usually being cheaper, people are more favourable to buying online.

Dixons have released a statment recently suggesting that they are making good progress in the UK and in Ireland, but unfortunatly they seem to be doing not as well in Southern Europe. they have said that they have been helped by the digital switchover, which has forced people to buy any tech that allows them to view digital TV. Considering the state of the economy and the lack of consumer confidence, they have done excellently and may proceed to do so.

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