Dixons Carphone is poised to enter the FTSE 100 index after being formed last month through the merger of Dixons Retail and Carphone Warehouse.
Research by Société Générale has found the newly-created company, which has a value of more than £4bn, could replace Barratt Developments or Roxam in the FTSE 100, according to the Financial Times.
News emerges ahead of next week’s trading update and shortly after it was boosted by extending its contract with Vodafone as rival phone retailer Phones4U lost its contract with the telecoms firm.
The two companies are seeking to build their company around an internet of things proposition and our seeking to extend services it offers around connected products.
Société Générale’s quarterly review also predicts that Card Factory will enter the FTSE 250 following its initial public offering in May.