Dixons Carphone Group 2Q Comp Up 9%

Dixons Carphone experienced a strong second quarter, driven by reduced competition after Phones 4U's administration. The merger of Dixons and Carphone Warehouse led to significant synergies, boosting sales, especially in the UK and Ireland. The company now dominates markets in the UK, Greece, and the Nordics, with a 37% stock increase. However, challenges remain in Southern Europe. The new CEO, Sebastian James, highlights the symbolic success of their first half earnings.

What is the significance of the merger between Dixons and Carphone Warehouse?

What challenges do smaller EU phone businesses face according to the text?