The Week Ahead: Did Dixons Carphone escape the Black Friday curse?

 

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The Independent Online

Has Dixons Carphone been hit by the Black Friday curse? Last week Game Digital put out a profit warning and Argos revealed its worst Christmas sales for three years – both blamed the imported discounting craze for their woes.

Dixons Carphone didn’t flag any problems in its update just before Christmas. But the reporting period didn’t cover the big day, and this Wednesday’s third-quarter figures may well show that the electronics retailer’s Black Friday efforts ate into profits. Investors will also hope for updates on the ongoing merger.

Shareholders will hope Thorntons has been able to bounce back from its pre-Christmas profit warning when the chocolatier puts out a trading update today. Roman Abramovich’s steel company Evraz also has a production report.

The spread-betting business IG Group has half-year results tomorrow. Dragon Oil and Stock Spirits have trading updates.

FirstGroup, Halfords and Land Securities all have interim statements come Wednesday, while Computacenter, Diploma, Genel, SABMiller, and WH Smith have trading updates.

Numis’s Douglas Jack expects JD Wetherspoon’s sales growth to have slowed when the pub chain reports second-quarter trading on Wednesday. But Mr Jack says margins are more important, given that Wetherspoon’s have fallen for five years on the trot.

Hochschild Mining also has a production report on Wednesday, and the latest unemployment figures will be released.

Chemring and Safestore have full-year results on Thursday, while Ilika and NCC Group have half-year numbers.

St James’s Place and Workspace have interim figures, while EMIS and Fevertree will update on trading.

Royal Mail reports on its festive period on Thursday, revealing just how much the postie had to fill in for Santa. Credit Suisse expects Royal Mail’s parcel division will have slipped by 2.5 per cent in the second half, but overall volumes should be marginally higher.

Premier Foods has half-year figures on Friday, while B&M Retail, Close Brothers and Henry Boot have trading updates.

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