- Electronic goods retailer Dixons Carphone warned on profit after shutting all its stores across the UK amid the government-imposed lockdown across the country to tackle the Covid-19 pandemic.

'We will not achieve our previous guidance for current year adjusted pre-tax profit of £210m or for net debt to be lower year-on-year,' the company said, adding that the shuttered stores were expected to contribute sales of about £400m for the rest of the year.

The company also said it would consider whether to pull its final dividend - due in September - when it releases its annual results.

The company said, however, it had sufficient funding capacity available to meet its obligations over the foreseeable future.

'The Covid-19 situation continues to develop and is likely to remain uncertain for some time. We will therefore not update current year or medium-term guidance until the impact of COVID-19 becomes clearer,' it added.

At 8:12am: [LON:DC.] Dixons Carphone PLC share price was -0.74p at 79.92p

Story provided by