Gadgets, jets and houses

The  blue-chip index was down in early trading tracking overnight falls on Wall Street and in Asia with investor confidence continuing to be stifled as oil prices dipped below $30 a barrel.

“The ongoing love affair with the latest must-have gadgets gave Dixons Carphone (LSE:DC.) a record Black Friday and strong Christmas sales,” says AJ Bell Investment Director Russ Mould.

“The group now plans to combine its remaining PC World and Currys stores and put a Carphone Warehouse outlet in each one as customers like having all the latest gizmos under one roof. This will mean closing 134 stores but the group does not expect any job losses and believes some new posts may be created. 

“Low-cost airline easyJet (LSE:EZJ) is maintaining its full year guidance with a fall in demand following terror attacks offsetting the positive impact of lower jet fuel prices. Attacks in France and the downing of a Russian jet over Egypt have hit the airline as both Paris and Sharm el Sheikh are important destinations for easyJet.

“House-builder Crest Nicholson (LSE:CRST) was up in early trading after full year pre-tax profits rose by 32% to £154m. Volumes rose by 8% at 2,725 homes while sales revenues increased by 26% to £804.8m. The group is on target to achieve revenues of £1bn this year and £1.4bn by 2019.”

Tuesday 26 January 2016

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