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Dixons Carphone blames UK market for profits dive

Dixons Carphone, the troubled electricals and mobile phone retailer, announced a 24% plunge in full-year profits as it battles against a shrinking UK market, lower margins and rising costs.

It came as the company revealed it had been the victim of a significant cybersecurity breach for the second time in three years.

The company employs more than 42,000 people in eight countries and trades as Currys PC World and Carphone Warehouse in the UK and Ireland; Elkjop, Elgiganten and Gigantti in the Nordic countries; Kotsovolos in Greece; and Dixons Travel in airports.

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