Dixons confident of hitting target

HIGH STREET electrical retailer Dixons reassured investors it remained on course to hit targets for the current financial year today. The group said it was 'confident' of meeting expectations in the City as it began a series of analyst briefings ahead of its results.

Dixons suffered a disappointing Christmas after weaker sales of mobile phones and personal computers. But analysts forecast it should report underlying profits of £292m for the year to 27 April, up from £278m last year.

Turnover across the business, which also includes The Link and PC World, is expected to jump by £200m to around £4.8bn.

Dixons said: 'Management remains confident that it will deliver results in line with consensus market expectations.'

Shares in the group were up 2p at 236p after the update, recovering some of the losses caused this week by fears of a slowdown in the consumer boom.