LONDON, August 19 (New Ratings) ““ Analysts at Dresdner Kleinwort Wasserstein reiterate their “reduce” rating on the Dixons Group. The target price has been raised from 120p to 125p.
In a research note published this morning, the analysts mention that an expected capacity withdrawal from Powerhouse is likely to benefit Dixons in the short term. Investors may exhibit greater interest in the company’s shares due to the capacity withdrawal issue, the analysts add.
As was reported in the Rumour Mill Forum a few days ago it seems to be confirmed by a report in the Times that DSG is to shed up to 400 jobs at its head office. There are no reports of further cuts at present. The new chief executive of DSG International (Currys, Dixons, PC World, Pixmania) is ex…
Dixons Strores Group International (DSGi), the owner of Currys and PC World, have made an annual loss of £140.4m after closing parts of its business and writing down the value of some of its firms. DSGi saw like-for-like sales slump in the year to 2 May as customers cut back on electrical g…
The Times has reported this morning that Dixon’s Stores Group chief executive, John Clare, has had a boost of just over £1 milllion to his pension pot. According to the report this gives Mr Clare a total of £6.89 million in his pension fund.