Dixons retail sees profits fall

Dixons Retail posted a fall in profits today as the PC World and Currys owner joined rival Comet in counting the cost of gruelling trading conditions.

Underlying profits fell to £85.3m from £90.9m (€95.8m to €102.2m) in the year to April, although Dixons said it was encouraged by flat operating profits in the UK and Ireland, where it also gained market share from rivals.