Dixons bites the bears

Dixons: When consumers put away their purse, that shiny new plasma screen TV is usually the first thing to be struck off the shopping list. So, given all the scaremongering about the UK high street, investors expected Dixons’ latest trading update to be diabolical. The bad news for bears short of the stock is that the market’s worst fears haven’t been realised. Dixons does appear to be coping with the consumer slowdown. In spite of rampant price deflation – especially in computers – it has mana...