Oh look - as of tonight's market close, Dixons Carphone is now larger than both J Sainsbury and WM Morrison, two of Britain's largest supermarket groups.
Dixons Carphone's shares have come a long way since I revealed back in February on little old Betaville that FTSE 250 companies Carphone Warehouse and Dixons Retail were in serious merger talks.
Here is a link to that Betaville scoop: http://betaville123.blogspot.co.uk/2014/02/carphone-warehouse-in-merger-talks-with.html
Since the completion of the merger, Dixons Carphone has been promoted to the FTSE 100 index and closed this evening with a market capitalisation of almost £4.9 billion.
Meanwhile, shares in J Sainsbury and WM Morrison have endured a torrid year amid tough competition from cheaper rivals Aldi and Lidl.
This evening J Sainsbury had a market value of £4.6 billion while WM Morrison's market capitalisation is £4.2 billion.
It might, though, take some time for Dixons Carphone to overtake Tesco as its market capitalisation is £15 billion - unless, of course, Tesco decides to break itself up...
No comments:
Post a Comment