Dixon Carphone shares plummet on news of store closures

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Dixons Carphone shares plummeted 20.74% to 185.00p on the FTSE 250 on Tuesday as it announced plans to close 92 Carphone Warehouse standalone stores this year after unveiling a significant annual drop in pre-tax profits to £382m.

Earlier in the day it was revealed IWG rejected a takeover bid from US property investment fund Prime Opportunities just two weeks after it confirmed talks with three potential buyers. 

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