Electronics giant Dixons Carphone has seen shares fall by 14 per cent, after recording a huge loss in the first half of the year.

The retailer, which also owns Currys PC World, recorded a loss of £440m for the six months to 27th October, compared to profits of £54m a year ago.

Dixons Carphone, which has branches of Currys PC World in Cheltenham and Gloucester and branches of Carphone Warehouse in Gloucester, Cirencester and Cheltenham, said the loss was largely down to a writedown on the value of its loss-making Carphone Warehouse business.

The company also said it was set to see full-year costs rise to £190 million, including a £17 million hit from a cyber attack, in which 5.9 million bank card details and 10 million personal data records were hacked last year.

Despite this, the firm announced plans for a share incentive award scheme that would see more than 30,000 employees given at least £1000 in shares each over the next three years.

Group chief executive Alex Baldock said the company is committed to change over the coming years: "We believe that Dixons Carphone is now on the path to sustainable success. We have set a clear long-term direction that will deliver more engaged colleagues, more satisfied customers and a more valuable business for shareholders.

"We're focusing on our core, and on four things that matter most: two big profitable growth opportunities in online and credit; revitalising our mobile business; and giving customers an easy experience.

"There are headwinds and uncertainty facing any business serving the UK consumer, we've had our own challenges, and our plan will take time. But, with this plan, we can now see the way to unleashing the true potential of this business. We believe in our plan, are underway making early progress and determined to make it a lasting success."

Image credit: Google Image capture: Nov 2017