Dixon Carphone DC has plenty to fix but it is all fixable, claims the new CEO. The first thing which seems to need attention is next years profit which is expected to slump from this years expected £382m to £300m.The dividend for the current year is being maintained at 11.25p per share. Growth in the UK & Ireland has seriously lagged behind the rest of the Dixons empire with like for like full year growth at 2%, falling to 1% for the fourth quarter. The Nordics and Greece tell a different story with full year like for like revenue up by 9% and 11% respectively, whilst quarter four produced rises of 8% and 10%. Must be many years since Greece thrashed the UK in a major retail market.
Smiths Group Medical SMIN has announced that it is in the very early stages of discussions about the combination of its medical division with ICU Medical Inc.Smith claims it routinely reviews all its options.
Redstone Connect plc REDS The year to the thirty first January saw strong revenue growth of 15%, EBITDA rising by 60% and adjusted profit before tax increasing from £1.3m to £2.4m. Since the year end the sale of the Systems Integration & Managed Services Division for a total consideration of £23m will allow the group to focus on delivering and growing its software division.