Argos owner warns over full-year profits amid weak demand for TVs and tablets

The owner of Argos has warned over full-year profits after first half earnings nearly halved at the high street chain amid weak demand for televisions and tablet computers and hefty start-up costs for its same-day delivery service.

Operating profits at Argos dropped 47% to £6.4m (€8.7m) in the six months to August 29, with like-for-like sales down 3.4%.