This seems a bit odd - can anyone shed light on this?
Dixons have no trades showing on DXNS has the epic changed or something?
Cheers for any input
:>)

We are waiting! But I am in this for the long haul so do not intend selling.

Me too - but I also have a couple of SB positions that I will close if we get the right result.

Update of Possible Merger

FOR IMMEDIATE RELEASE
24 March 2014

Dixons Retail plc ("Dixons") and Carphone Warehouse Group plc ("Carphone Warehouse")
Update on possible merger

On 24 February, the Boards of Dixons and Carphone Warehouse announced that they were in very preliminary discussions regarding a possible merger of Dixons and Carphone Warehouse and that each of Dixons and Carphone Warehouse are required, by not later than 5:00 pm on 24 March 2014, either to announce a firm intention to make an offer for Carphone Warehouse or Dixons (as appropriate) in accordance with Rule 2.7 of the Code or announce that it does not intend to make such an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.
The Boards of Dixons and Carphone Warehouse have jointly requested that the Takeover Panel, in accordance with Rule 2.6(c) of the Code, extend the current deadlines of 5:00 pm on 24 March 2014, as referred to above.
Since the announcement of 24 February 2014 was made when discussions were at a very preliminary stage, both parties have agreed that they require more time to evaluate a potential merger of the two businesses. Accordingly, an extension has been granted by the Takeover Panel and as such, each of Dixons and Carphone Warehouse must, by not later than 5:00 pm on 19 May 2014, either announce a firm intention to make an offer for Carphone Warehouse or Dixons (as appropriate) in accordance with Rule 2.7 of the Code or announce that it does not intend to make such an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. The deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

Discussions are still ongoing and there can be no certainty that a firm offer will be made.

This announcement has been made with the agreement of Dixons and Carphone Warehouse.

A copy of this announcement will be available at www.dixonsretail.com and www.cpwplc.com by no later than 12 noon (London time) on 25 March 2014.
The content of the websites referred to in this announcement is not incorporated into and does not form part of this announcement.

Carphone silent on Dixons talks as sales rise

(Reuters) - Carphone Warehouse, Europe's biggest independent mobile phone retailer currently in merger talks with Dixons Retail, reiterated full-year earnings guidance and posted a rise in fourth quarter revenue at its main CPW business.

The firm's trading update on Tuesday made no mention of the talks with Dixons, Europe's No. 2 electricals retailer, for a possible 4 billion pounds (3.99 billion pounds) merger.

Britain's Takeover Panel has imposed a May 19 deadline for the two firms to confirm whether they intend to press ahead with a deal that would create a group with about 2,900 stores across Europe and which it is expected would find a place in Britain's FTSE 100 share index.

Carphone said sales at CPW Group stores open over a year rose 2.3 percent in the three months to March 29 - a seventh straight quarter of like-for-like growth.

Carphone And Dixons Set To Unveil £4bn Merger

Bank of America Merrill Lynch Buy 50.18 49.80 - 58.00 Retains

Make your mind up time tomorrow!

Trading Statement

DIXONS RETAIL PLC
ANOTHER EXCELLENT YEAR
MERGER WITH CARPHONE WAREHOUSE GROUP PLC ANNOUNCED

Dixons Retail plc, Europe's leading specialist multi-channel electrical retailer and services company, today announces trading for the fourth quarter and full year to 30 April 2014.
· A strong outturn across the Group with full year underlying sales up 3% and like for likes up 3%.
· Group Full year underlying profit before tax expected to be at the top end of market expectations of £150 million to £160 million.
· Good cash generation resulting in improvement in net funds year on year.
· Group gross margins were down 0.2% in the full year, showing improvement in the second half.
· Disposals of PIXmania, UniEuro in Italy and Electroworld in Turkey, delivering against one of the Group's core strategic objectives of focusing on markets where we are leaders.
· The Group delivered robust trading in the fourth quarter, on top of a very strong performance in the prior year.
· UK & Ireland traded strongly, delivering a stronger performance than expected. Fourth quarter like for like sales of (2)% was a robust performance having delivered +13% in the same period last year.
· Northern Europe with flat like for like also delivered a strong performance on top of +14% in the same period last year.
· Merger of equals with Carphone Warehouse Group plc announced separately today.

Recommended all-share merger

FOR IMMEDIATE RELEASE

15 May 2014

RECOMMENDED ALL-SHARE MERGER OF CARPHONE WAREHOUSE GROUP PLC
AND DIXONS RETAIL PLC
Summary

· The Boards of Carphone Warehouse Group plc and Dixons Retail plc are pleased to announce that they have reached agreement on the terms of a recommended all-share merger of Carphone and Dixons, which is to be implemented by way of a scheme of arrangement of Dixons.

· The Merger will result in each of Dixons' and Carphone's Shareholders holding exactly 50 per cent. of Dixons Carphone on a fully diluted basis taking into account existing share options and award schemes for both companies. 1 Under the terms of the Merger, Dixons Shareholders will receive:

0.155 of a New Dixons Carphone Share in exchange for each Dixons Share

· The merged entity, to be called "Dixons Carphone plc", will create a leader in European consumer electricals, mobiles, connectivity and related services.

· The Boards of Carphone and Dixons believe that the Merger will deliver significant value to shareholders through a combination of enhanced commercial opportunities and operating synergies.

· The Carphone Directors and Dixons Directors, having reviewed and analysed the potential synergies of the Merger, based on their experience of operating in the consumer electrical and mobile retail sectors, and taking into account the factors they can influence, believe that the Combined Group will be able to achieve integrated mobile retailing and procurement synergies, together with cost savings, of at least £80 million on a recurring basis, which are expected to be delivered in full in the financial year 2017/18. The Boards of Carphone and Dixons expect Dixons Carphone to deliver these synergies progressively, achieving almost half of them in financial year 2015/16.[2]

· The Combined Group will also have the opportunity to achieve significant additional value from growth opportunities arising from the Merger.

· As from Completion, Sir Charles Dunstone, Chairman of Carphone, will become the Chairman of Dixons Carphone. Roger Taylor, Deputy Chairman of Carphone, and John Allan, Chairman of Dixons will become Co-Deputy Chairmen and John Allan will also become Senior Independent Director; Sebastian James, CEO of Dixons, will become CEO; Andrew Harrison, CEO of Carphone, will become Deputy CEO; Humphrey Singer, CFO of Dixons, will become CFO; Katie Bickerstaffe, CEO of UK & Ireland Dixons, and Graham Stapleton, CEO of UK & Ireland Carphone, will join the Dixons Carphone Board as Executive Directors and retain their current responsibilities. In addition, the Dixons Carphone Board will comprise six other Non-Executive Directors. John Gildersleeve, Baroness Morgan of Huyton and Gerry Murphy will be the Non-Executive Directors appointed from Carphone. Tim How, Jock Lennox and Andrea Gisle Joosen will be the Non-Executive Directors appointed from Dixons.

· Each of the Proposed Directors of the Dixons Carphone Board has given a binding undertaking not to dispose of any of his or her beneficial holdings in shares of Dixons Carphone (or any interest therein), which he or she holds on Admission or subsequently acquires during the lock-in period. All of the Proposed Directors have given this undertaking for a period of 24 months following Completion with the exception of Katie Bickerstaffe and Graham Stapleton who have given this undertaking for a period of 12 months, in line with the undertakings expected to be received from other senior executives.

· Carphone and Dixons are both experienced operators with significant knowledge and expertise. The integration of the two businesses will be managed by a dedicated integration team, bringing together the best relevant capabilities of both businesses, with the aim of facilitating a smooth integration.

· Carphone and Dixons have put in place appropriate banking facilities to ensure that Dixons Carphone will have a strong financial profile following Completion, which will enable the Combined Group to retain flexibility whilst reviewing its optimal capital structure going forward.

· Dixons Carphone intends to adopt a dividend policy in line with Carphone's current dividend policy of 3.0x dividend cover based on Headline Earnings. The exchange ratio of the Merger has been determined on the basis that no dividend will be payable by either of Carphone or Dixons prior to Completion, other than an ordinary course Carphone final dividend of 4 pence per Carphone Share in respect of the financial year to 29 March 2014.

· The Merger will be conditional on, amongst other things, the approval of Carphone Shareholders and Dixons Shareholders, the sanction of the Scheme by the Court and relevant anti-trust clearances being received.

· Carphone and Dixons have received irrevocable undertakings to vote in favour of the Merger from those of the Carphone Directors, their families and related trusts, and Dixons Directors, their families and related trusts, who hold or are beneficially entitled to Carphone Shares and/or Dixons Shares, representing in aggregate 26.7 per cent. of Carphone's ordinary share capital and 0.06 per cent. of Dixons' ordinary share capital respectively in issue on 14 May 2014 (being the latest practicable date prior to this Announcement).

Cantor Fitzgerald Buy 53.28 50.90 60.00 60.00 Reiterate

SALE OF CENTRAL EUROPEAN OPERATIONS

Dixons Retail plc ("Dixons Retail"), one of Europe's leading specialist multi-channel electrical retailer and services companies, today announces that it has entered into an agreement to sell the ElectroWorld operations in Central Europe to NAY a.s., a leading electrical specialist retailer in the region.

Electroworld operates 26 specialist electrical retail stores across Czech Republic and Slovakia.

Following completion, which is expected to take place during the summer, and which remains subject to certain normal conditions including competition authority clearance, Dixons Retail expects to receive a small deferred cash consideration spread over three years.

For the year to April 2014, the assets being disposed of generated losses before tax of £5.6 million on turnover of £129 million from 26 stores (including 2 franchise stores).

Commenting on the disposal, Sebastian James, Dixons Retail Group Chief Executive, said:
"I am very pleased that we have been able to secure a strong future for Electroworld who will be able to flourish as a part of the NAY Group in Central Europe. Following this transaction Dixons will be a market leader in every market in which it operates, delivering on one of our key strategic objectives."

Commenting on the deal, Mr.Peter Zálešák and Mr Ján Tomáš, co-founders of NAY, said:
"We are pleased to announce the closure of this deal with ElectroWorld. It is a big step towards achieving our goal of reaching EUR 300m of sales in Central Europe and we strongly believe it allows the development of our market leading position in Slovakia. Furthermore it achieves our longer-term development to enter the Czech market and we are delighted to do that in conjunction with such a good partner as Electroworld."

From yesterday afternoon.

Merger unconditionally cleared by EU Commission

Final Results

Key highlights
· Group underlying profit before tax increased by 76% to £166.2 million versus £94.5 million reported last year and up 10% on a restated basis (1),(2).

- Further strong progress in the UK & Ireland with underlying operating profits up 24%(1)

- Elkjøp delivered another strong year with record sales

- Greece delivered an improved performance with some signs of stability returning to the market

· Another successful year for the Group, delivering on its key objectives:

- Firm establishment of a sustainable business in a multi-channel world

- Disposals of all non-core operations, leaving the Group with leading positions in all our core markets

· Proposed merger with Carphone Warehouse announced to develop a leading position across electricals, mobiles and connectivity.

- European Commission has confirmed that it has unconditionally cleared the proposed merger

· Group online sales increased by 16% to £1 billion.

· Customer service metrics at their highest ever recorded levels in all markets.

· Return on capital employed of 16.3%, up from 14.9% in the prior year.

· Group costs reduced by a further £45 million completing the two year £90 million cost reduction initiative.

· Very strong cash generation with the Group ending the year with net cash increasing to £70.9 million.



Financial highlights
· Total underlying Group sales up 3% at £7.22 billion (2012/13 £7.03 billion) (1).

· Group gross margins down 0.2% in the full year, with an improvement in the second half.

· Total profit before tax after non-underlying items increased by 53% to £132.9 million (2012/13 profit of £86.6 million).

· Post tax non-underlying charges of £186.0 million, relating mainly to disposals of non-core operations. (1)

· Underlying diluted earnings per share 3.0 pence (2012/13 earnings of 2.6 pence)(1). Basic loss per share including discontinued operations of (1.9) pence (2012/13 loss per share of (4.5) pence).

Investec Buy 48.04 56.00 56.00 Retains

Cantor Fitzgerald Buy 48.04 60.00 60.00 Reiterates

HL comment

Suspension

TEMPORARY SUSPENSION

Dixons Retail Plc

The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 6/08/2014 7:30AM at the request of the company pending an announcement:

Suspension of trading of Dixons Retail plc shares

Recommended all-share merger of

Dixons Retail plc ("Dixons")

and
Carphone Warehouse Group plc ("Carphone")

Suspension of trading of Dixons Shares

Further to the announcement of the recommended all-share merger of Dixons and Carphone on 26 June 2014, and following an application by Dixons to the UK Listing Authority and the London Stock Exchange, the board of Dixons announces that the trading in Dixons Shares on the London Stock Exchange's main market for listed securities and the listing of Dixons Shares on the premium listing segment of Official List of the UK Listing Authority, have each been suspended with effect from 7.30 a.m. (London time) today, 6 August 2014.

Capitalised terms used but not defined in this announcement have the meanings set out in the Scheme Document dated 26 June 2014.

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