Profits warning causes retail stocks to fall in London

Retail stocks tumbled sharply today after electricals retailer Dixons issued a shock profits warning.

Wed, 08 Jan, 2003 - 17:26

Retail stocks tumbled sharply today after electricals retailer Dixons issued a shock profits warning.

Disappointing Christmas sales at the group, which also owns Currys and PC World, meant shares lost a fifth of their value and pulled down the whole sector.

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CourtsFTSEPlace: LondonPlace: USPerson: George W BushPerson: Martin DobsonEvent: ChristmasOrganisation: DixonsOrganisation: CurrysOrganisation: PC WorldOrganisation: Wall StreetOrganisation: GatewayOrganisation: NatWest StockbrokersOrganisation: FootsieOrganisation: KingfisherOrganisation: B&QOrganisation: CometOrganisation: ArgosOrganisation: GUSOrganisation: BootsOrganisation: Marks & SpencerOrganisation: Carphone WarehouseOrganisation: WoolworthsOrganisation: HMVOrganisation: DebenhamsOrganisation: FTSEOrganisation: BritannicOrganisation: PrudentialOrganisation: AvivaOrganisation: Friends ProvidentOrganisation: Royal & Sun AllianceOrganisation: FTSE 250Organisation: Waste Recycling GroupOrganisation: KeldaOrganisation: ShanksOrganisation: EasyJetOrganisation: Alliance UniChemOrganisation: GlaxosmithklineOrganisation: Invensys
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