Ouch! Shares in UK electronics retailer Dixons Carphone have plunged by a quarter in early trading. Dixons Carphone has shocked the City by warning that its UK mobile business will be “significantly loss making this year”, as it struggles to persuade customers to upgrade their phones. It also posted a statutory pre-tax loss of £259m for the last financial year, down from a profit of £289m in 2017-18.
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Why would the Bank of England raise interest rates when armageddon comes due to Brexit.