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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Dixons Retail jumps 7% on hopes of an iPad and digital television switchover boost

The Apple effect seems to be rubbing off on Dixons Retail.

As customers queued up at Apple stores to get their hands on the new iPad, investors are hoping that Dixons will also benefit from the demand for the US company's latest tablet.

Dixons' shares have jumped 7% - up 1.12p to 17.09 - making it the top riser in the FTSE 250. It has also been given a lift by the latest weekly John Lewis figures, which indicated strong growth from its electrical division. Vision (ie televisions) was the best performer ahead of the forthcoming digital switchover in the south east.

Close behind Dixons in the mid-cap index is Imagination Technologies. The graphic chip designer is up 43p to 682.5p after Goldman Sachs raised its price target from 850p to £10 in the wake of the company's results last week.

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