Dixon Carphone shares plummet on news of store closures


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. 

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue