Dixons Carphone falls on uncertain outlook

Dixons Carphone (DC.) has announced a fifth consecutive year of Christmas growth - this time marking a 6 per cent improvement in underlying sales in the UK over the 10 weeks ended 7 January 2017. Chief executive Seb James said that, as a result of "the group's scale" Dixons Carphone was able to offer extremely attractive prices over the Black Friday promotional period. As such, he now expects "a meaningful uplift" in profitability year on year, with earnings expected to fall between £475m and £495m, in line with current market expectations.