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Latest News

Shareholders gain £200m as Dixons creates 2,000 jobs

by Personnel Today 23 Jun 2004
by Personnel Today 23 Jun 2004

Electrical
retailer Dixons is to create 2,000 new jobs across Europe – 1,000 in the UK –
and return £200m to shareholders.

It
made the announcement as it reported an increase in year-end pre-tax profits of
33 per cent to £366.2m.

Dixons,
which also owns Currys and PC World, said its programme of store expansion
would create the posts.

The
cash for the investors’ bonanza has come from the disposal of Wanadoo shares
and the sale of Codic International, which has given it a "strong balance
sheet".

Group
chief executive John Clare said the new financial year had begun in line with
expectations.

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He
pointed out that while it was too early to forecast for the year as a whole, he
believes the group is "well placed for a year of further progress".

By Mike Berry

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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