Wednesday 26 November 2014

Dixons Carphone overtakes some of Britain's biggest listed retailers in market capitalisation

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:

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...

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