Strong turnover lifts Carphone

CARPHONE Warehouse yesterday impressed investors with an 8.3 per cent rise in underlying half-year sales, lifting shares up 6.5 per cent.

The mobile phone retailer said it had managed to attract sales despite the rollout of 4G, which has prompted some customers to wait before they upgrade their handsets.

Headline pre-tax profits were £19m from £4m last year, but fell to a statutory pre-tax loss of £25m due to exceptional costs as it exits France and makes acquisitions.