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Ahead of results from Dixons Retail on Thursday, rival electrical retailer Darty - a former owner of Comet in the UK - reported a 66% slump in full year profits to €26.4m thanks to weak economic conditions in the eurozone and the growing shift to online sales.
Ahead of results from Dixons Retail on Thursday, rival electrical retailer Darty - a former owner of Comet in the UK - has reported a 66% slump in full year profits to €26.4m thanks to weak economic conditions in the eurozone and the growing shift to online sales.
Also benefiting from a broker upgrade was electrical retailer DSG.
Electrical retailer Darty blew a fuse, down 7.5% to 46p.
Electrical retailer DSG is 1.25p lower at 14.75p.
During the period it benefited of course from the demise of electrical retailer Comet.
He is to be replaced by Robert Shrager, a former director of electrical retailer Dixons.
Experts and commentators were less sure of success for a new high street electrical retailer.
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Because of increased disposal costs, electrical retailers have decided not to pick up old fridges when they deliver new ones.
Electrical retailers were in demand, with Dixons Retail 1.18p better at 16i.53p on vague talk of possible bid interest from US group Best Buy, although traders were sceptical.
"The cost of domestic CCTV systems is minimal, as electrical retailers now sell HD domestic CCTV systems for a little over £100.
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