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Dixons Carphone drags down FTSE 100 Dixons Carphone drags down FTSE 100
(about 5 hours later)
(Noon): London's leading shares edged lower in Wednesday morning trading, with Dixons Carphone bearing the brunt. (Close): London's leading shares finished lower on Wednesday, with Dixons Carphone bearing the brunt.
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. The retailer saw its share price fall 6.6%, despite a rise in half-yearly pre-tax profits, as it warned that "more uncertain times" lay ahead.
By lunchtime, the FTSE 100 index was down 8.7 points or 0.12% at 6,959.87. The FTSE 100 index dropped 19 points or 0.3% at 6,949.
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. British Airways owner IAG also finished as one of the heaviest fallers after 2,000 cabin crew voted to take strike action in a dispute over pay.
One of the FTSE's biggest risers was software firm Micro Focus International, up 4.2% after reporting a jump in underlying first half-profit.
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 dipped by 0.09% against the dollar to $1.2646 and fell 0.28% against the euro to €1.1884. On the currency markets, the pound rose by 0.4% against the dollar to $1.2704 and edged up 0.1% against the euro to €1.1924.