Wednesday preview: Dixons Carphone reports full year results

(ShareCast News) - Dixons Carphone is expected to report on Wednesday an increase in pre-tax profits on the back of market share gains in its mobile phones and electricals business. In a May trading update on the group's fourth quarter, the company forecast full year pre-tax profit of £445m to £450m, compared to its previous guidance in January of £440m-£450m and an increase of about 17% over last year.The retailer said UK like-for-like sales rose 4% in the fourth quarter and 6% in the full year. Group like-for-like sales increased 5% in the last quarter.Chief executive Seb James said growth in the group's mobile phone business in the UK was particularly strong and there was a good performance across all of the company's businesses."Overall, the group looks set to deliver a solid year of underlying pre-tax growth, confirming that its strengthened market position and exposure to buoyant consumer electronics categories should drive premium earnings growth within a lacklustre sector," said Numis analyst Matthew Taylor."The shares have outperformed the peer group by 5% over the past 12 months and trade on 12.4x price to earnings ratio to calendar year 2017."Numis has pencilled in pre-tax profit of £445m for the full year against the consensus forecast of £446m and the previous year's £381m.Wednesday 29 June INTERIMS AFH Financial Group INTERNATIONAL ECONOMIC ANNOUNCEMENTS Business Climate Indicator (EU) (10:00) Consumer Confidence (EU) (10:00) Crude Oil Inventories (US) (15:30) Economic Sentiment Indicator (EU) (10:00) GFK Consumer Confidence (GER) (07:00) MBA Mortgage Applications (US) (12:00) Pending Homes Sales (US) (15:00) Personal Consumption Expenditures (US) (13:30) Personal Income (US) (13:30) Personal Spending (US) (13:30) FINALS Dixons Carphone , International Greetings, Stagecoach Group, Torotrak AGMS 365 Agile Group , Air Partner, Aseana Properties Ltd., Beowulf Mining, Blackstone/GSO Loan Financing Limited, Cogenpower, Crawshaw Group, DDD Group, Federal Grid Company Of Unified Energy System, Public Joint-Stock Company GDR (Reg S), Herencia Resources, Home Retail Group, Independent Oil & Gas , Industrial Mlulti Propety Trust , Mountfield Group, Nature Group, OJSC Surgutneftegas ADR, Pacific Assets Trust, Puma VCT 10 , Rare Earth Minerals Limited, Roxi Petroleum, W Resources UK ECONOMIC ANNOUNCEMENTS Consumer Credit (09:30) M4 Money Supply (09:30) Mortgage Approvals (09:30) Nationwide House Price Index (07:00) FINAL DIVIDEND PAYMENT DATE BBGI SICAV S.A. (DI) FINAL EX-DIVIDEND DATE International Consolidated Airlines Group SA (CDI)