Seb James said increasing handset prices and slowdown in device innovation means consumers are holding onto phones for longer

The retailer saw pre-tax profits rise to £501 million in 2016/17 compared to £457 million in 2015/16

Sales in the UK and Ireland up six per cent from last year as retail giant claims it outperformed the market

Carphone Warehouse MVNO reaches landmark just 20 months after launching

Carphone Warehouse-owned mobile service has accumulated almost half-a-million customers over the past 19 months

Group revenue also up four per cent after retail giant enjoys success in all countries it trades in

Dixons Carphone CEO supported Remain campaign but said EU Referendum result could help retailer consolidate its position as market leader