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Dixons Carphone sees big profits fall

Dixons Carphone has reported a big fall in annual profits as the retailer admitted that it had "plenty of work to do" in revamping its business.
Pre-tax profits for the year to 28 April fell to £382m, from £500m a year earlier.
The retailer is set to close 92 of its more than 700 stores this year amid slowing sales of mobile phones.
Last week, it admitted a big data breach involving millions of credit cards and data records.
It is investigating the hacking attempt, which began in July last year.
Dixons Carphone, whose main UK brands include Currys PC World and Carphone Warehouse, said it had no evidence that any of the cards had been used fraudulently following the breach.
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