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April 5: DSG International, the company which owns Dixons, is taking that brand off its high street shops and replacing it with Currys.digital. Our retail correspondent, Beth Rigby, is trying to unravel what looks like a branding mess.
Debenhams is making good progress with its flotation plans. We heard today that pre-marketing is going well and that pricing is likely early next month. Expect a market capitalisation of around £1.7bn, once some of the debt has been paid down.
There is lots more to do on FL Group’s disposal of its near-17 per cent stake in EasyJet, done through JP Morgan. The airline’s shares are down almost 9 per cent. It’s also an excuse for us to look at whether the end of the carry trade and Iceland’s currency crisis means anything for the numerous UK assets owned by Icelandic companies. Read Lex online.
Signet, the jeweller which published annual results on Wednesday, is planning to spend $1bn over the next five years expanding in the US.
BP published some poor production figures in its latest trading statement but these were mitigated by a better-than-expected performance in its refining business.