Electrical retailer Dixons has reassured investors full-year profits are likely to be in line with scaleddown market expectations.

Forecasts for the year to May 3 were revised lower by City analysts in January after Dixons said Christmas sales had disappointed.

But the company told the London market yesterday it remained comfortable with the new range of expectations as its financial year draws to a close.

Profits before tax and one-off items are currently forecast to be in the region of £297 million.

Friday April 25 2003