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Dixons Carphone PLC Add to portfolio

LON250:DC, May 29, 09:50 UTC

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Tuesday, May 12


News

Dixons Carphone PLC 72.7% Potential Upside Indicated by Morgan Stanley

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Dixons Carphone PLC using EPIC/TICKER code (LON:DC) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘EQUAL WEIGHT’ this morning by analysts at Morgan Stanley. Dixons Carphone PLC are listed in the Consumer Services sector within UK Main Market. This indicates the analyst now believes there is a potential upside of 72.7% from today’s opening price of 72.4 GBX. Dixons Carphone PLC has a 50 day moving average of 82.56 GBX and a 200 Day Moving Average share price is recorded at 118.56.

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Wednesday, April 29


News

Coronavirus: Dixons Carphone online sales rise 166%

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Coronavirus: Dixons Carphone online sales rise 166% | RBS approves £1.4bn in loans | Retailers in fresh support fear. Dixons Carphone has seen shares surge ahead after revealing online trading has recovered around two-thirds of stores sales lost amid the coronavirus lockdown. Dixons revealed its stores that have been closed across the UK, Ireland and Greece would normally have delivered around £400 million of sales in the year, but this has been partially offset as its online operation has "maintained our unambiguous price promise, continued investment in delivery and carried on growing our range for customers". The submission from the SRC said: "Allow for 'tapering' of financial support measures so that costs can continue to be partially covered while businesses ramp up to full capacity. "For example, while the decision to extend the UK Government's Covid Job Retention Scheme to the end of June was very welcome, given that the speed and extent of the recovery in consumer demand will be uncertain for some time to come, government should remain open to further extension to ensure redundancies do not result.

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Dixons scraps divi; Online sales offsetting store closure impact

DC

(Sharecast News) - Electrical retailer Dixons Carphone scrapped its dividend amid the ongoing coronavirus crisis adding that consumer shopping habits had adapted to life under the lockdown.The company on Wednesday said that UK and Ireland electrical online sales had soared 166% since the government ordered store closures in late March, offsetting the 16% fall in store sales.As customers settled in for the lockdown in April they bought more computers to work from home, turned into bakers as they snapped up breadmakers and purchased fitness trackers to stay healthy, Dixons said.Overall, online sales were making up for around two-thirds of store sales lost due to closures.Dixons said it had extended its committed debt facilities with an additional ?266m revolving credit facility and now has total committed facilities of more than ?1.35bn.At the year end the group will have net debt of around ?300m and access to more than ?1bn of unutilised committed facilities.The company, which also operates in Scandinavia and Greece said that the currently closed UK, Ireland and Greek stores would normally have been expected to contribute a further ?400m in the current financial year.Nordic stores remained open "to high social distancing and hygiene standards" giving Dixons a blueprint on how to operate its UK stores once lockdown measures are eased, the firm added. (Sharecast News) - Electrical retailer Dixons Carphone scrapped its dividend amid the ongoing coronavirus crisis adding that consumer shopping habits had adapted to life under the lockdown. (Sharecast News) - UK mobile network O2 said it had ended its partnership with Carphone Warehouse after it failed to agree to a new deal with the retailer.

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Dixons Carphone says online demand partially offsets store closures

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Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. (Reuters) - Electricals retailer Dixons Carphone said online demand was making up for around two-thirds of store sales lost due to closure during the coronavirus crisis, as it warned it would not pay a dividend due to uncertainty connected with the pandemic. The UK-based group, which also has stores in Ireland, Scandanavia and Greece, said that in its UK and Ireland business online sales had jumped 166% in the five weeks to April 25, the period under which Britain has been in lockdown.

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Wednesday, April 01


News

O2 cuts ties with Carphone Warehouse as retailer plots store closures

DC

O2 cuts ties with Carphone Warehouse as retailer plots store closures. O2 has cut commercial ties with Carphone Warehouse after the mobile operator refused to accept revamped terms for their partnership. Read more: Carphone Warehouse to axe 3,000 jobs as it shuts all standalone stores. But the longstanding relationship came to an end this morning after the two firms failed to agree on the terms of the deal and let the contract expire. Mobile products will now be sold through concessions inside 305 large Currys PC World stores and online. But the electronics retailer has now been dealt a major blow to its plans after losing one of its largest mobile customers.

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UK's O2 ends Carphone Warehouse partnership

DC

LONDON (Reuters) - Britain's O2 mobile network <TEF.MC> is cutting ties with Carphone Warehouse <DC.L> after it failed to agree a new partnership deal with the retailer, it said on Wednesday. "While we've worked hard over the past year to put a number of options on the table, it has not been possible to reach a new agreement as they've made clear to the market that they wish to take a new strategic direction and change the relationship they had with mobile operators." Dixons Carphone said on March 17 that it would close all 531 UK standalone Carphone Warehouse stores and shed 2,900 jobs as part of a plan to turn around its loss-making mobile phones business. "We continue to offer our customers a wide range of choice through our own Mobile Virtual Network Operator, iD Mobile, and partners EE <BT.L>, Vodafone <VOD.L>, Virgin Media and Voxi, including those who currently have an O2 connection," the company said in a statement.

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Thursday, March 26


News

Dixons Carphone News Headlines. DC. Share News. Financial News Articles for Dixons Carphone Plc Ord 0.1P updated throughout the day.

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(Alliance News) - Stock prices in London are set to open lower on Thursday as the lift to sentiment provided by a chunky US stimulus package wears off and markets once again focus on the worrying spread of Covid-19 in Europe and the US. In early UK company news, Dixons Carphone said it no longer expects to meet its annual guidance due to Covid-19 but did note an uptick in sales as people prepare to work from home. There will be an interest rate decision from the Bank of England at midday in London, alongside the release of minutes from this week's meeting, as well as accounts of the emergency meeting last week, at which the UK central bank voted to cut interest rates to a record low of 0.1%. The firm said that while it will see some sales recovery through online channels, it does not expect to meet guidance of adjusted pretax profit of GBP210 million for the current financial year.

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Dixons Carphone sees surging demand for laptops and TVs ahead of lockdown

DC

Retailer DixonsCarphone has revealed that electrical sales soared by more than a third in recent weeks as Britons raced to buy laptops and televisions to prepare for the coronavirus lockdown. It saw surging sales of equipment for home working, such as laptops and printers, as well as TVs and gaming consoles, while fridges, freezers and kitchen appliances were also in high demand. Dixons – which last week announced it was axing its 531 network of Carphone Warehouse standalone stores – posted a 10% hike in overall UK and Ireland electrical sales over the 11 weeks to March 21, with total sales up 4% including its international arm and struggling mobile business. While all its stores have been closed since March 24, it said it has been seeing “very strong” online trading, which is helping offset the lost store trade. But it said the closed stores had been expected to contribute around £400 million of sales for the rest of the year and warned that, even with the online boost, annual profits would miss forecasts. “Early signs are that this strong trading has continued since stores closed and will help to compensate for lost store sales.”.

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Britain's Dixons Carphone warns on profit due to coronavirus pandemic

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Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. Britain's Dixons Carphone warns on profit due to coronavirus pandemic. (Reuters) - British electricals retailer Dixons Carphone warned on Thursday it would not meet its previous guidance for 2019-20 profit and debt due to the coronavirus emergency which has forced the closure of its stores in the UK and Greece. The group's previous guidance was for adjusted pretax profit of 210 million pounds ($249 million) and lower net debt year-on-year.

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Friday, March 20


News

Experts: Carphone Warehouse sto... - Analysis - Mobile News

DC

Dixons Carphone’s decision to close its 531 standalone Carphone Warehouse stores as part of a major restructuring of its business has been described as “inevitable” by industry experts. The retailer will shut the stores on April 3, but will continue to offer mobile devices and SIMs through its Carphone shops-within-shops in its 305 nationwide Currys PC World stores. Dixons Carphone said it expected around 40 per cent (1,800) of the affected employees will take new roles within the organisation, but added that the changes would lead to around 2,900 redundancies. Uswitch head of commercial for broadband and mobiles Ernest Doku said: “The shifting nature of the mobile market – combined with the ongoing pressures of the high street and recent performance – made this announcement from Carphone Warehouse feel somewhat inevitable.

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