By Gillian West

Annual pre-tax profits for high street retailer Dixons have increased by 53 per cent to £132.9m, a day after the European Commission granted an unconditional all-clear for its £3.7bn merger with Carphone Warehouse.

Pre-tax profits at Carphone Warehouse also rose some six per cent to £133m for the year ending 29 March, with like-for-like revenues up 5.3 per cent.

Dixons’ group chief executive, Sebastian James, said he was “very excited about the opportunities the proposed merger with Carphone Warehouse offers the group”.

Adding that the merger will enable the two brands to build “the first and best truly Read full story ›

Source: The Drum