Dixons, the troubled technology retailer, has pleased its investors after landing a significant new lending facility, replacing the current deal which was due to expire next year.
The new £300m facility does not mature until mid-2015.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Full-year group underlying profit before tax is expected to be between £65m and £70m, which is towards the top end of expectations.
The share price jumped on the day's news, up 3.44% to 14.74p by 13:52, having risen as much as 7.0% earlier in the day.
NR
-
Tesla seeks approval to supply electricity to UK homes – could it disrupt the energy market?Tesla has applied for a license to supply UK households with electricity, but taking on the biggest providers could prove challenging
-
Most Brits unaware onshore bonds can help beat inheritance tax – here’s howA little-known perk of certain types of bonds can let your loved ones off the hook when it comes to inheritance tax – but two-thirds of people have never heard of them
