Dixons happy at AGM

Dixons Group Chairman Sir Stanley Kalms will tell shareholders at today's AGM that business is good and life is generally tickety-boo.

He'll say that total retail sales for the 18 weeks to 2 September 2000 were 29 per cent ahead of the same period last year and up five per cent on a like-for-like basis, including a very strong performance in Dixons' new international businesses.

He'll say that underlying gross margins continue at a similar level to the second half of last year, although down on the comparable period a year ago.

Unfortunately, we don't know what he'll say about his ISP, Freeserve, and how he wishes someone would take it off his hands. ®