Dec 12, 2019

Turnround Thursday: Dixons Carphone and Superdry give updates

Dixons has promised better performance in UK mobile after this year; in the six months to October, like-for-like revenues in the division were down 10 per cent, it said on Thursday. After turning in a £440m loss at its half-year results last year, driven by a massive goodwill writedown, losses this year were a more modest £86m. Over at Superdry we have the first set of proper results since founder Julian Dunkerton wrestled back control of the group in April. Mr Dunkerton warned shareholders on Thursday morning that the turnround would take "Two to three years", and warned of "Considerable risk over the peak trading period, against a highly promotional and competitive high street". Around 13.5 per cent of shareholders in Just Eat had accepted so far, Takeaway said on Thursday - the winning bidder will need the backing of more than 50 per cent. The share price has struggled over recent years and on Thursday the company said "Challenging market conditions across key geographies" led to a fall in first-half revenues and profits.

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