Electrical retailer Dixons see profit growth
DIXONS is expected to be buoyed ahead of its merger with Carphone Warehouse with underlying full-year profits set to leap 69 per cent to £160 million this week.
Recovering consumer spending and offloading loss-making operations last year are expected to have contributed to the boost.
Cenkos Securities analyst Nick Hawkins said: “The recovering housing market and growing employment provide a favourable backdrop.
The pair plan to merge in August to create a high-street juggernaut with combined sales of £12 billion
"We remain very confident in the prospects of Dixons.”
Meanwhile Carphone Warehouse is expected to say that underlying earnings have risen from £137 million to £147 million for the year.
The pair plan to merge in August to create a high-street juggernaut with combined sales of £12 billion.