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
:>)

Market cap around 700m, could they be a take over candidate? I'm not in yet. but seriously thinking about it (still).
2517

Will this stock turn round with all the shorting at the moment

Who will go first
DXNS
YELL
HMV

Yell is favourite

Dixons Retail sales slide accelerates in second half-year
StockMarketWire.com
Electrical retailer Dixons Retail said today underlying total and like for like sales were down 2% in the full year to end-April and down 4% in the second half. The group delivered 50m of cost savings in the full year.

Dixons said businesses were performing ahead of their markets, particularly in the UK, Nordics, Italy and Greece.

60 Megastores are now open across the Group with average annual sales of 20m.

Dixons said new format stores were delivering consistent gross profit uplifts across the Group.

Given the ongoing shift to multi-channel - pure play e-commerce sales were down 9% while multi-channel internet sales were up by 12% across the Group in the full year.

Group Gross margins were flat in the second half, with gross margins in the full year up 0.1%.

Underlying Group profit before tax is expected to be approximately 85m, in line with previous guidance.

Year end net debt is expected to be approximately 220m.

John Browett, CEO, commented: 'Market conditions have been challenging in many of our markets this year. Our businesses have responded to our customers needs enabling them to improve their market positions, particularly in the UK, Nordics, Greece and Italy. Our focus on Value, Choice and particularly on Service have been at the heart of this delivery.

'With challenging economic headwinds continuing for many of our customers, we remain cautious on the outlook for the year ahead. Having had a strong World Cup performance as well as the exclusivity of the iPad last year, we have tough comparables ahead. However, through our Renewal & Transformation plans, our businesses are well placed to emerge from the current weak consumer environments ahead of our competitors.

'Having made further good progress on the Renewal & Transformation plan, we continue to deliver significant improvements for our customers, notably this year through the launch of our service brand KNOWHOW, but also through our improved shopping trip and refitting of stores, particularly in the UK. We will continue to lead the market in delivering a better shopping trip for customers and stronger business performance for shareholders.'

Dixons Retail will announce preliminary results for the year ended 30th April 2011 on 23rd June 2011.



Story provided by StockMarketWire.com

Final Results on the 23rd, I believe.

Dixon's are in a downward trend with little chance of any upside during the summer months sales. I see this stock falling to single figures.

SALE & LEASEBACK OF SWEDISH WAREHOUSE

Dixons Retail plc, Europe's largest specialist electrical retailer and services company announces that it has today exchanged contracts with a syndicate of investors advised by Ness, Risan and Partners AS for the sale and leaseback of its Nordic distribution centre in Jonkoping, Sweden.

The sale and leaseback is expected to be completed on 23 June 2011 and the total cash consideration payable on completion is expected to be approximately SEK600 million (GBP59 million). The estimated book value of the property as at 30 May 2011 was SEK 214.5 million (approximately GBP21 million).

Down 11% on the back of HOME update today. They have final results on the 23rd - wow betide the share price if they are below expectations.

Suspension looming maybe

A month ago I thought they looked a speculative buy! Unfortunatley I can't short them.

Why skinny

CMC don't carry it.

Right. Skinny this maybe a dumb question but if UK interest rates are increased do stock go up or down in general. Thank's

Yes! I hope that helps :-)

It will when they go up. Thank's

RNS Number : 9532I

Dixons Retail PLC

23 June 2011

FULL YEAR RESULTS

23 June 2011

Strictly embargoed

For release at 07.00 hours

Dixons Retail plc

Robust performance in challenging markets

Dixons Retail plc, one of Europe's largest specialist electrical retailing and services companies, today announces preliminary audited results for the 52 weeks ended 30 April 2011.

Key Highlights

-- Margins and underlying profit before tax, at GBP85.3 million, maintained in challenging market conditions.

-- Investment in the customer offer through the Renewal & Transformation plan is delivering.

-- Increasing market share across most markets and sectors, particularly in the UK and Nordics.

-- Step change to the customer focused business model, differentiating the offer for customers.

-- Further benefits to come through rolling out refurbished and megastore formats, the transformation of the services offer through KNOWHOW, upgraded websites and a leaner operating model.

John Browett, Chief Executive, commented:

"Maintaining sales, margin and profits is a good performance in such challenging conditions. We are consistently outperforming our markets and gaining share because our Renewal and Transformation Plan continues to deliver a better and more compelling experience for customers.

The store refit programme is progressing well and our relentless focus on customers' needs is reinforced through our services brand KNOWHOW which gives us a differentiated offer. Self-help has put our business on firm foundations and in a strong position for when we emerge from the current weak consumer environment."

Outlook

The economic backdrop remains challenging, particularly in the first half as we anniversary the World Cup and iPad launch. However the Group is well prepared for this environment. We are creating a market leading differentiated customer offer leaving us well set to emerge from the current climate ahead of the competition.

Financial Highlights

-- Total Underlying Group sales(1) (2) down 2% to GBP8,154.4 million (2009/10 GBP8,320.0 million) and down 1% on a constant currency basis.

-- Total Group sales, including those from businesses to be closed and closed businesses, were GBP8,341.8 million (2009/10 GBP8,532.5 million).

-- Group like for like sales(3) down 4% in the second half and down 2% in the full year.

-- Underlying Group gross margins were flat in the second half of the year and up 0.1% in the full year.

-- Underlying Group EBIT(4) of GBP127.6 million (2009/10 GBP133.2 million).

-- Underlying pre-tax profit(1) of GBP85.3 million (2009/10 GBP90.9 million).

-- Underlying diluted earnings per share(1) of 1.6 pence (2009/10(5) 1.5 pence). Basic loss per share for continuing operations of (6.6) pence (2009/10 earnings per share of 2.0 pence).

-- Total loss before tax, after deducting non-underlying items of GBP(309.4) million, was GBP(224.1) million (2009/10 profit before tax of GBP112.7 million).

-- Free Cash Flow(6) of GBP38.9 million before restructuring charges (2009/10 GBP28.1 million).

-- As at 30 April 2011 the Group had net debt of GBP(206.8) million (2009/10 GBP(220.6) million).

-- Rephased debt profile following issue of new 2015 Bonds and part repurchase of existing 2012 Bonds in July 2010.

Impairment and restructuring

Recognising challenging conditions in some of our markets, and the ongoing business restructuring under the Renewal and Transformation plan, we have reviewed the balance sheet and made impairment and other non underlying charges totalling GBP309.4 million. The additional cash impact of these charges is estimated as GBP39 million, of which approximately GBP8 million was incurred in 2010/11. The impairments primarily relate to the closure of operations in Spain (GBP70.6 million), the impairment of acquired goodwill in relation to Kotsovolos in Greece (GBP53.2 million) and PIXmania (GBP106.3 million).

Business Highlights

-- Renewal and Transformation plan delivering a market leading offer for customers.

-- Store transformation programme on track:

- 360 stores reformatted at the year end;

- 70 Megastores now open with average annual sales of GBP20 million;

- Over 80 Megastores across the Group, including 40 in the UK and 25 in the Nordics will have been reformatted by Peak;

- Newly reformatted stores continue to deliver gross profit uplifts of 20% versus the unreformatted stores in the UK and 15% in the Nordics;

- Second year trading for reformatted stores maintained.

-- Elkjop performed strongly in all of its markets, gaining significant market share.

-- New customer services brand KNOWHOW launched in the UK encompassing all after sales and support services.

-- Multichannel internet sales up 13% across the Group, reflecting the continued shift of sales to the multichannel brands.

-- Closure of loss making PC City operations in Spain ahead of plan.

-- Cost savings on track:

- GBP50 million savings delivered in the financial year;

- GBP50 million of additional cost savings expected in each of the next three years.

UNDERLYING SALES AND PROFIT ANALYSIS


Underlying profit
Underlying sales / (loss)
52 weeks 52 weeks Currency 52 weeks 52 weeks
ended 30 ended 1 Neutral Like for ended 30 ended 1
April 2011 May 2010 (7) % like(3) % April 2011 May 2010
GBPmillion GBPmillion change change GBPmillion GBPmillion
--------------- ----------- ----------- --------- ----------- ----------- -----------


UK & Ireland
(8) 3,816.1 4,013.5 (5)% (3)% 71.3 71.1

Nordics (9) 2,268.9 2,093.7 +7% +5% 105.6 97.4

Other
International
(10) 1,226.7 1,291.6 (2)% (5)% (21.6) (8.3)

Pure play
e-commerce
(11) 842.7 921.2 (5)% (5)% 0.9 11.3

Central Costs - - (15.8) (19.5)

Total Group
Retail 8,154.4 8,320.0 (1)% (2)% 140.4 152.0
=============== =========== =========== ========= =========== =========== ===========

Property
losses (12.8) (18.8)

EBIT 127.6 133.2
=============== =========== =========== ========= =========== =========== ===========

Underlying net
finance costs (42.3) (42.3)

Group underlying profit
before tax 85.3 90.9
============================ =========== ========= =========== =========== ===========

Notes

(1) Throughout this statement, references are made to 'underlying' performance measures. Underlying results are defined as excluding trading results from businesses to be closed, closed businesses, the amortisation of acquired intangibles, net restructuring and business impairment charges and other one off non-recurring items, profit on sale of investments, net fair value remeasurements of financial instruments and, where applicable, discontinued operations. These excluded items are described as 'non-underlying'. The financial effect of these items is shown in the analyses on the face of the income statement and in note 3 to the financial information.

(2) Business to be closed comprises PC City Spain. Closed businesses comprise the operations of PC City Sweden and Markantalo in Finland. Discontinued operations comprise operations in Poland and Hungary.

(3) Like for like sales are calculated based on stores that have been open for a full financial year both at the beginning and end of the financial period and are calculated using constant exchange rates. Customer support agreement sales are excluded from all UK like for like calculations. Operations that are subject to closure have sales excluded as of the announcement date. Stores subject to a refurbishment are excluded during the period of refurbishment. All e-commerce pick up store sales are included in like for like sales.

(4) Underlying Earnings Before Interest and Tax (EBIT) equates to underlying operating profit and is defined as underlying earnings from retail operations, after property losses, before deduction of net finance costs and tax.

(5) The weighted average number of shares used in the calculation of earnings per share for the period prior to the rights issue, which completed on 9 June 2009, has been multiplied by an adjustment factor to reflect the bonus element of the shares issued under the terms of the rights issue (as described in note 6 to the financial information). The adjustment factor used was 1.2138.

(6) Free Cash Flow relates to continuing operations and comprises net cash flow from operating activities before special pension contributions, less net finance costs, less income tax paid and net capital expenditure.

(7) Currency neutral change percentage reflects the year on year growth or decline in Underlying Sales, calculated excluding the effect of currency movements.

(8) UK & Ireland comprises Currys, CurrysDigital, Dixons Travel, PC World, operations in Ireland, DSGi Business and KNOWHOW. Like for like sales exclude DSGi Business.

(9) Nordics comprises the Elkjop group and Dixons Travel Denmark.

(10) Other International comprises Greece (Kotsovolos), Italy (Unieuro, combined 2-in-1 Unieuro and PC City stores and Dixons Travel Italy), Czech Republic (ElectroWorld), Slovakia (ElectroWorld) and Turkey (ElectroWorld).

(11) Pure play e-commerce division comprises Dixons.co.uk and PIXmania.

(12) Unless otherwise noted, throughout this statement figures relate to continuing operations, excluding the results of business to be closed / closed businesses. Total revenue including discontinued operations and business to be closed / closed businesses was GBP8,341.8 million (2009/10 GBP8,543.4 million).

(13) Certain statements made in this announcement are forward looking. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future events or results referred to in these forward looking statements. Unless otherwise required by applicable laws, regulations or accounting standards, we do not undertake any obligation to update or revise any forward looking statements, whether as a result of new information, future developments or otherwise.

RNS Number : 9411I

Dixons Retail PLC

23 June 2011

Dixons Retail plc

BOARD CHANGES

Dixons Retail plc, today announces that Nicholas Cadbury, Group Finance Director, has resigned from the Board in order to take up the role of Chief Financial Officer at Premier Farnell plc.

Humphrey Singer will be appointed Group Finance Director from 1 September 2011 following a handover period. Humphrey will join the Board of Dixons Retail plc and the Executive Committee on 1 July 2011.

Humphrey joined Dixons Retail in 2007. He has held various finance roles since then including Finance Director of Currys, Group Financial Controller and most recently as Finance Director of the UK & Ireland division. Prior to joining Dixons Retail Humphrey was Finance Director of Coca Cola Enterprises (UK) Ltd. Prior to that he held a number of finance roles at of Coca Cola Enterprises (UK) Ltd and Cadbury Schweppes.

Announcing the changes, John Browett, Chief Executive said:

"I am pleased to welcome Humphrey to the Board as group Finance Director. He has significant relevant experience both within and outside Dixons Retail and has been a key member of the team in delivering the Renewal & Transformation plan to date.

I'd like to thank Nicholas for his considerable support and contribution, in particular for putting the Group on a stronger financial footing to support the Renewal & Transformation plan. Nicholas has spent 18 years with Dixons Retail and I wish him well in his new role."

RNS Number : 8157J

Dixons Retail PLC

05 July 2011

5 July 2011

DIXONS RETAIL PLC

DIRECTOR DEALING

Dixons Retail plc voluntarily announces that it has been notified by the Chairman, John Allan, that he purchased the following on 4 July 2011:

49,000 Dixons Group plc 6.125% 2012 Guaranteed Bonds at a nominal value of 98.25p; and

54,000 Dsg International plc 8.75% 2015 Guaranteed Notes at a nominal value of 87.95p.

Following the above purchase, the nominal value of John Allan's holdings is:

GBP527,143 Dixons Retail 6.125% 2012 Guaranteed Bonds; and

GBP549,493 DSG International plc 8.75% 2015 Guaranteed Notes

John Allan also holds 671,428 Ordinary Shares of 2.5 pence each in the capital of the Company.

- Ends -

For further information:

Helen Grantham Company Secretary & General Counsel 01727 203533

David Lloyd-Seed Group Communications Director 01727 205 065

This information is provided by RNS

The company news service from the London Stock Exchange

END

RNS Number : 9401K

Dixons Retail PLC

25 July 2011

25 July 2011

Dixons Retail plc Harrods

Concession agreement signed

Dixons Retail plc, one of Europe's largest specialist electrical retailing and services companies, and Harrods, the UK's leading luxury department store operator, announces that Dixons Retail is to operate the consumer electronics section of Harrods' flagship store in London.

Under this concession agreement, Dixons Retail will sell a wide range of leading edge consumer electronic equipment, including computing, audio and vision products together with related accessories and KNOWHOW services. The 11,000 sq. ft. store will open to customers in early 2012 in its new space on the 3(rd) Floor. It will be at the forefront of store design and will be fully staffed by Dixons Retail colleagues.

Sebastian James, operations director for Dixons Retail plc comments, "We are delighted that Harrods has recognised our market leadership and the compelling offer our team and our new service brand KNOWHOW can give customers. We look forward to working closely with Harrods and to providing its customers with the very best in terms of both product range and service."

David Miller, Director of Home, Furniture and Sound & Vision for Harrods, comments, "At Harrods we are completely client-centric and are constantly seeking new and innovative ways to meet our customers demands. In a move that underlines our commitment to this, we have carefully selected a partner that boasts the best ranges and a trusted operation to ensure that the latest consumer technology is always at our customers' fingertips."