Dixons Carphone had already teed up the market for today’s disappointing full year results, which saw pre-tax profits fall from £500m a year ago to £382m. Corrective action has already been announced but perhaps even more concerning is the fact this isn’t expected to see a turn around any time soon. Expectations for 2018/19 are already been actively managed, with just £300m in pre-tax profits being mooted.
Travel agent to insurance provider Saga released a brief trading statement this morning, and there’s not much in there to get excited about. Saga branded insurance policy sales are up 1%, motor claims costs are in line with expectations and tour bookings are flat year on year. Sales of holidays on the company’s new cruise ship are impressing, but otherwise this makes for a comfortable – if uninspiring – read.
Eco-friendly energy producer Good Energy has published a brief trading statement ahead of its AGM today, too. This looks encouraging – especially for investors – with the company’s decision to implement a price hike ahead of the cold snap delivering obvious benefits. The business has also benefitted from being able to raise money with a retail bond offering a coupon of 4.25%, a lower rate than has been achieved previously.