Electrical retail giant faces tough trading conditions in the face of Best Buy threat
Shares in DSG International fell to 46p last Friday as it prepared to reveal its results this Thursday, according to the Independent on Sunday.
Shares have fallen from a high of 176p over the past few months following two profit warnings, with chief executive John Browett already stating that pre-tax profits will be under £200 million.
The firm’s investors are also concerned over the Carphone Warehouse deal with Best Buy, which involves the opening of the latter’s stores across the UK and Europe.
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Comments
Some good news for a Monday...
Shame! :-)
Re: Some good news for a Monday...
why is that good news?
did you sell your shares early?
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