Dixons Retail (DXNS) makes a splash first and according to its May trading statement, group total and like-for-like sales were down 2% in the full year and 4% in the second half.
Image via Wikipedia It's a quiet day for the corporate calendar today, with just a couple of companies up for the taking. Dixons Retail (DXNS) makes a splash first and according to its May trading statement, group total and like-for-like sales were down 2% in the full year and 4% in the second half. "While the electrical space remains tough, we think that the best operators will start to take significant market share, helped by the growing trend seen by Dixons for suppliers to provide increasing support to ensure products have a suitable retail showroom. "Recognising the strength of the management team and the opportunity for Dixons to take share against weaker competitors, we raised our target price to 18p after the recent analyst visit," said Numis analyst Andrew Wade. Next up is Norcros (NXR), the owner of Johnson Tiles and Triton Showers. The interim management statement released in April pointed to a strong performance thanks to UK market share gains and ope...