Watchdog warns general insurers over value for money and high commissions April 10, 2019 The City watchdog has warned general insurers it is prepared to crackdown on distribution chains failing to give customers value for money. The Financial Conduct Authority (FCA) said that poor manufacturing, sales and distribution approaches were rife in the sector. Read more: Dixons Carphone hit with £30m FCA penalty The regulator’s investigation found customers were [...]
Dixons Carphone sinks to £440m loss, sending share price falling December 12, 2018 Dixons Carphone sank to a huge loss in its half-year result today, as a £500m writedown in its Carphone Warehouse division weighed the company and its share price down. The figures Dixons swung to a £440m loss for the six months to the end of October after paying out £490m in impairment charges for a restructure of [...]
Dixons Carphone expects profit loss to deepen data breach woes June 17, 2018 Dixons Carphone is bracing itself for plummeting pre-tax profits this week, as it continues to investigate a devastating data breach that compromised customers' personal information. The retailer expects a 23 per cent drop in pre-tax profits to £382m when it announces its preliminary results for 2017-18 on Thursday, citing UK mobile market constraints and tight [...]
Dixons Carphone’s share price falls nearly 20 per cent on back of profit warning May 29, 2018 Dixons Carphone’s share price fell nearly 20 per cent this morning as the electronics giant warned profit will be 21 per cent lower this year than last year. In a trading update the retailer said pre-tax profits for 2017-18 would be £382m, down from £501m last year. The following year’s profit is expected to be [...]
Dixons Carphone’s share price drops 20 per cent on profit warning May 29, 2018 Dixons Carphone's share price fell nearly 20 per cent this morning as the electronics giant warned profit will be 21 per cent lower this year than last year. In a trading update the retailer said pre-tax profits for 2017-18 would be £382m, down from £501m last year. The following year's profit is expected to be [...]
Last Week in the City: Stiff competition in funerals? June 1, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (28 May to 1 June 2018). Shares in listed funeral director Dignity slumped after the UK Competition and Markets Authority (CMA) said it will examine the pre-paid funeral sector, a move that could see tougher regulation. [...]
The $64 trillion question October 25, 2017 How much longer the stock market rally can continue has become the $64 trillion question. For a growing number of market observers, there’s a simple answer: not much longer at all. Markets, they argue, have becoming increasingly detached from economic fundamentals, particularly in Britain. It’s thirty years since Black Monday and while few would suggest [...]
Dixons Carphone grows revenue and continues to win market share as it brushes off Brexit September 8, 2016 Mobile phone retailer Dixons Carphone is continuing to gain market share and grow revenues – and it's not feeling any ill effects from the recent Brexit vote, the company said today. And investors were also feeling positive about the company, with shares up 3.5 per cent in early trading this morning. In a trading update on [...]
Boardroom merry-go-round: Dunstone takes on exec role at TalkTalk and hands over Dixons Carphone reins to Livingston February 1, 2017 Lord Livingston will take over as chairman of Dixons Carphone from Sir Charles Dunstone, who today unveiled plans to concentrate his attentions on a new exec chairman role at telecoms firm TalkTalk. The move means a return to Dixons Carphone for the former minister for trade and investment, who was previously the finance chief at Dixons for six years. Read more: [...]
Profits leap at Dixons Carphone – and it isn’t worried about Brexit June 29, 2016 Technology retail giant Dixons Carphone posted strong results after its first full year of trading following the merger of Dixons and Carphone Warehouse. The figures Profit before tax at the group rose 17 per cent to £447m in the year to 30 April, as like-for-like sales jumped by five per cent across the group. Total sales remained broadly [...]