Dixons Carphone loses £440m in six months

Electronics retailer plans cost-savings of £200m to claw back losses but rules out job cuts

Dixons Carphone slumped to a loss of £440m in the first half of its financial year, with the struggling electronics retailer announcing more than £200m of cost savings.

The big loss came in part because the company, formed through the merger of Dixons with Carphone Warehouse in 2014, was forced to write down the value of the mobile retailing brand which is unprofitable, by £344m.

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From our friends over at the : Business | The Guardian

 

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