Dixons owner raises profits guidance

The owner of Dixons and Currys pushed up profits expectations today after revealing strong sales performances at its high street businesses.

DSG International said like-for-like sales rose 9% at Currys and by 8% at Dixons in the 24 weeks to the end of April.

As a result, DSG said underlying profits for the financial year just completed would be in the range of £312m (€456.5m) and £318m (€465.3m), compared with previous expectations in the City for £300m (€€438.9m) to £310m (€453.6m).