Dixons-Carphone commits to Ireland despite profit warning

Electrical goods retail group Dixons-Carphone moved swiftly yesterday to underline its commitment to its Irish operations after its shares sank on the back of a group profit warning.

The group’s share price dived up to 30% after the retailer cut its full-year profit forecast, blaming tougher conditions in the mobile market as customers keep their handsets longer.

Dixons-Carphone trades as Currys, PC World and Carphone Warehouse here and in the UK. It said the weakness of sterling was also making new devices more expensive at a time when technical innovation has been limited.