Despite early predictions before lockdown that the company would endure a “significant reduction” in sales, the figures showed otherwise. The last time Dixons updated shareholders on its finances, it said sales had only dropped by 3% in the five weeks to April 25. It means investors already more or less know what revenue to expect in next week’s results, which only take into account an extra week so eyes will be elsewhere. She worries the 166% growth the company had online in the UK and Ireland in the weeks following lockdown might have slowed down since. “Dixons said it will only reconsider a payment to shareholders once it’s cancelled its standby debt facilities,” she said.

Source: Irish Independent July 10, 2020 10:41 UTC