Dixons Retail Plc, the largest U.K. electronics retailer, reported a profit gain that beat estimates as it benefited from the collapse of the rival Comet chain, and signalled signs of improvement in the consumer economy.
J Sainsbury Plc, the U.K.’s third- largest supermarket chain, reported a 34th successive quarter of same-store sales growth as the grocer increased its share of the market while its main competitors all lost ground.
Kingfisher Plc, Europe’s largest home-improvement retailer, reported a steeper drop in first- quarter earnings than analysts anticipated as cold March weather delayed the start of the gardening season.
J Sainsbury Plc, the U.K.’s third- largest supermarket company, outstripped its main competitors with a gain in annual profit that beat estimates as a price- matching campaign helped boost its share of the market.
Halfords Group Plc, the car-repair business that is also the U.K.’s biggest seller of bicycles, fell the most on record after announcing a surprise dividend reduction to boost investment in training workers, revamping stores and improving its Web offering.
Dixons Retail Plc, the U.K.’s largest consumer-electronics retailer, said it will report annual pretax profit at the “top end” of analysts’ predictions after fourth- quarter revenue beat estimates on increased sales of tablets and services such as software tutorials.
Ocado Group Plc, the U.K.’s largest online-only grocer, jumped to the highest in more than two years in London trading after Goldman Sachs Group Inc. raised the stock to buy, saying sales growth is set to accelerate.
Ocado Group Plc Chief Executive Officer Tim Steiner today began to demonstrate to investors that his business is what he’s been telling them for the last three years: a technology company that also delivers groceries.