Shares in Dixons Carphone, Britain’s biggest electrical and mobile phone retailer, slumped almost 30% as it reported a big fall in profits and warned of “substantial” losses in its mobile phone business. The group, which owns Currys, PC World and Carphone Warehouse, said it has been hit by a growing trend among consumers to delay upgrading their mobile phones. Profits for the year to 27 April fell by a fifth, to £298m, down from £382m the previous year. New chief executive, Alex Baldock, who launched a turnaround strategy in December, warned profits will fall further this year, to around £2...
Dixons Carphone reveals big losses at mobile phone shops - The Guardian
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