FTSE LIVE: Sterling on the rise ahead of BoE rate decision; Dixons Carphone profits hit by sim-only trend; Dunelm cheers wet weather

  • Dixons Carphone full-year group profits fall 22% to £298million 
  • Fashion firm N Brown said sales fell 3.8% as it wound down its catalogue 
  • Sterling is looking much stronger today at $1.27 ahead of the BoE rate decision
  • Dunelm raised its profit forecast thanks to more ‘favourable’ weather conditions 

Electricals giant Dixons Carphone is still busily trying to wrap its head around how it can remain relevant in a fast-changing mobile phones market. 

Falling customer demand for contracts in this part of the business dragged its full-year profits down by 22 per cent to £298million.  On a statutory basis, including various one-off costs, the firm made a loss of £259million. 

Meanwhile, sterling is looking a bit perkier today ahead of the latest Bank of England decision on rates. However, Brexit fears are keeping a lid on the currency’s gains.  

The Bank of England MPC is expected to keep rates on hold at the latest meeting today

The Bank of England MPC is expected to keep rates on hold at the latest meeting today





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