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Darty boss is set to swing the axe

Alan Parker, the former Whitbread boss, is preparing to wield the axe at European electricals chain Darty, which he chairs.

After the electricals group swung into the red in the first half, Mr Parker said that he would review its loss-making operations in Spain, the Czech Republic, Slovakia, and Turkey.

Last month it sold its Italian business.

Darty made headline losses of €10.8m (£8.7m) against profits of €12.1m a year earlier.