Dixons to get £59m as part of lease deal June 1, 2011 ELECTRICALS retailer Dixons has agreed the sale and leaseback of its Nordic distribution centre in Sweden in a bid to reduce its debts. Dixons, which owns the Currys and PC World brands, has exchanged contracts with a syndicate of investors with a deal due for completion on 23 June. The total cash payable is SEK600m [...]
Dixons to get £59m as part of lease deal June 1, 2011 ELECTRICALS retailer Dixons has agreed the sale and leaseback of its Nordic distribution centre in Sweden in a bid to reduce its debts. Dixons, which owns the Currys and PC World brands, has exchanged contracts with a syndicate of investors with a deal due for completion on 23 June. The total cash payable is SEK600m [...]
Dixons vows cost cuts as sales fall off May 12, 2011 DIXONS Retail, owner of Currys and PC World, yesterday said the group’s annual sales had fallen but predicted that its £50m cuts programme would help to turn the business around. Sales for the year to 30 April fell two per cent as the tough consumer environment took its toll. Like-for-like sales for the group’s UK [...]
Dixons vows cost cuts as sales fall off May 12, 2011 DIXONS Retail, owner of Currys and PC World, yesterday said the group’s annual sales had fallen but predicted that its £50m cuts programme would help to turn the business around. Sales for the year to 30 April fell two per cent as the tough consumer environment took its toll. Like-for-like sales for the group’s UK [...]
PADDY POWER BLOWS £11K DERBY WINNINGS OVER THREE-DAY STAG June 5, 2011 THE QUEEN was not amused by her loss at the Investec Derby, for which City A.M. proudly served as the official newspaper. But Paddy Power, the public face of the bookmaker of the same name, was still celebrating on Sunday afternoon after winning £11,000 the previous day. Power told his wife Jane he would make [...]
PADDY POWER BLOWS £11K DERBY WINNINGS OVER THREE-DAY STAG June 5, 2011 THE QUEEN was not amused by her loss at the Investec Derby, for which City A.M. proudly served as the official newspaper. But Paddy Power, the public face of the bookmaker of the same name, was still celebrating on Sunday afternoon after winning £11,000 the previous day. Power told his wife Jane he would make [...]
Commodities crash was predictable May 5, 2011 SO Goldman Sachs was right after all. The bank everybody loves to hate called the top of the commodities market three weeks ago; yesterday, its prediction came true, with the declines in key commodities seen in recent days suddenly turning into an almighty crash. The price of oil plunged especially dramatically, with Brent crude losing [...]
CITY MOVES | WHO’S SWITCHING JOBS May 24, 2011 May Gurney Margaret Ford, Baroness Ford of Cunninghame, will become non-executive chairman at the company’s AGM on 7 July 2011. In the interim she will be appointed to the board as a non-executive director, with immediate effect. Gurney, 53, recently retired from Serco as senior independent director and has extensive public company experience, including Grainger [...]
Dixons warns on profits for second time March 30, 2011 DIXONS Retail, the owner of Currys and PC World, yesterday said it would slash costs as it issued its second profit warning in three months. The firm said consumer confidence had deteriorated since the start of the year, especially in the UK and Ireland, hitting sales of big ticket electrical items such as flat screen [...]
Dixons warns on profit as UK trade worsens March 30, 2011 The UK’s No.1 electricals retailer Dixons has issued a profit warning, becoming the latest store group to report worsening trade as shoppers are hit by rising prices and government spending cuts. Dixons, which runs the Currys and PC World chains, said profit before tax and one-off items for the year ending April 30 was likely [...]