Currys and PC World owner racks up losses of £140m

Currys and PC World owner DSG International today racked up annual losses of £140.4m (€165m) as it warned markets were set to remain tough in the year ahead.

DSG’s losses in the year to May 2 were driven by one-off items – mainly turnaround costs and the lower value of European businesses – but were less than the £184.1m (€215m) seen in the previous period.