Updates from Dixons, SuperGroup and Betfair

A slight uptick for the FTSE 100 yesterday, climbing 6.3 points to 6,474. Vodafone was the day's biggest climber, up +2.22% to 207p while EasyJet was the biggest faller, down -5.08% to 1215p, not helped by a profits warning from Ryanair.

Overnight, the Nikkei 225 is down slightly, -0.09% to 14,040 while the Hang Seng climbs +1.19% to 22,591. %VIRTUAL-SkimlinksPromo%We commence first with a trip to Dixons. Its multi-channel businesses - UK & Ireland, Northern and Southern Europe - delivered performances in line with expectations with like-for-like sales up +4% in the last quarter. Separately, UK & Ireland saw like-for-like sales up +6% in total.

Northern Europe saw "good growth" with like-for-like sales up +5% driven by market share gains but Southern Europe continued to experience difficult market conditions with cooler summer weather affecting air-conditioning sales; like-for-likes are down -12%.

"Margins," says chief exec Sebastian James, "have held up reasonably well across the Group despite some anticipated and vigorous skirmishes in the Nordics where, I am happy to say, we have continued to grow market share."

Next, an interim update from Betfair. Revenue is down -13% reflecting, says the company, its focus on sustainable markets, regulation impact and absence of a major football tournament in the period.

Underlying EBITDA was up +16% driven by cost savings while underlying EBITDA margin improved by 6.8 percentage points to 27.5%. Betfair claims it remains on track to meet full Board expectations for the year.

"The business," says chief exec Breon Corcoran, "is continuing to show that it can compete more aggressively and efficiently in our key markets. We now operate from a far more sustainable revenue base and saw a 10% increase in active customers in sustainable markets in the period."

Finally, SuperGroup sales for the quarter climb +25.7% to £75m. Total Retail sales in the period were £53.2m says the company, an increase of +17.6%. The Group's own stores and e-commerce channel saw like-for-like sales for the quarter up +8.5%.

Wholesale sales for the period were £21.8m, an increase of +50.8% on last year though reported revenues on a quarter-by-quarter basis can be influenced by the timing of dispatches, particularly over the quarter-end, SuperGroup warns.

"The spring/summer 2013 ranges have performed well," says chief exec Julian Dunkerton, "across all channels with further progress made in womenswear. I am particularly pleased with the strong growth in the autumn/winter order book which demonstrates further evidence of the continued improvement in our ranges."

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