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Dixons Carphone drags down FTSE 100 Dixons Carphone drags down FTSE 100
(about 4 hours later)
(Open): London's leading shares dipped in early Wednesday trading, with Dixons Carphone bearing the brunt. (Noon): London's leading shares edged lower in Wednesday morning trading, with Dixons Carphone bearing the brunt.
The retailer saw its share price fall 2.8%, despite a 19% rise in half-yearly pre-tax profits, as it warned that "more uncertain times" lay ahead. The retailer saw its share price fall 6.9%, despite a 19% rise in half-yearly pre-tax profits, as it warned that "more uncertain times" lay ahead.
Overall, the FTSE 100 index was down 20.36 points or 0.29% at 6,948.21. By lunchtime, the FTSE 100 index was down 8.7 points or 0.12% at 6,959.87.
The index's biggest riser was software firm Micro Focus International, which reported a 22.4% increase in underlying first half-earnings. The index's biggest riser was software firm Micro Focus International, up 6.2% after reporting a 22.4% increase in underlying first half-earnings.
The company is in the process of buying Hewlett Packard Enterprise's software business for $8.8bn.The company is in the process of buying Hewlett Packard Enterprise's software business for $8.8bn.
On the currency markets, the pound was fractionally up against the dollar at $1.2664 and slightly down against the euro at €1.1909. On the currency markets, the pound dipped by 0.09% against the dollar to $1.2646 and fell 0.28% against the euro to €1.1884.