DSG International plc
LON:DSGI ISIN:GB0000472455
DSG International Plc is an electrical and computing retailer, which sells consumer electronics, personal computers, domestic appliances, photographic equipment and communication products. The Company sells its products in stores, over the Internet and by phone, and provides product support services to its customers. It also undertakes business to business (B2B) sales and services. The Company is organized into four divisions: UK & Ireland, Nordics, Other International and e-commerce. On December 29, 2008, the Company acquired a further 10% interest in DSGi South-East Europe A.E.V.E. (Kotsovolos). On May 19, 2009, the Company disposed of its operations in Hungary to EW Electro Retail Limited. On May 10, 2009, the Company closed its business at PC City Sweden. On May 20, 2009, the Company closed its business at Markantalo.
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The Australian shares continue to suffer a stock market downturn caused by debt crisis in Europe. Yesterday the Australian market closed nearly unchanged in a day of fluctuating trade. The benchmark S&P/ASX200 index Wednesday shed more than 1.5 per cent in early trade after Wall Street resumed its slide on a surprise move by Germany to restrict some financial transactions against banks.
Overnight US stocks finished in a fresh 13-month high as energy and material sectors are boosted after the better-than-expected Japanese economy growth. The market was also inspired as Federal Reserve Chairman Ben Bernanke's said that interest rates would stay low. The US government data showed that retail sales rose 1.4 per cent in October, also exceeding market expectations.
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