News

Carphone Warehouse delighted the City today by regaining full control of its High Street business from US giant Best Buy, paying less than half of what it received for the stake in 2008.

Kesa offloads Comet for just £2 to OpCapita

Kesa Electricals has sold Comet to the private investment firm OpCapita for a nominal fee of just £2. But the parent company was forced to pump £50m into the loss-making UK electricals chain and retain its pension liabilities to get rid of Comet.

David Prosser: Comet's new owner is going to need some box of tricks to pull this challenge off

Outlook Best of luck to OpCapita, the new owner of the Comet electricals chain. It is certainly going to need it, for despite having some advantages compared with Kesa, the seller of Comet, this is the worst possible moment to be attempting to rescuea retailer.

Kesa Electricals sells struggling 'Comet' for £2

Struggling electricals chain Comet was today sold for a token £2 after its owner Kesa Electricals called time on the loss-making business.

Rude awakening from Best Buy's big dream

The US electricals giant is closing 11 UK stores after being hit by a lethal combination of tough conditions and poor timing

David Prosser: The cloud at Best Buy Europe comes witha silver lining forCarphone Warehouse

Outlook: Courage to face failure is a key attribute for all entrepreneurs, Carphone's Charles Dunstone included

1,000 jobs at risk in Carphone Warehouse move

More than 1,000 jobs were in jeopardy today after a push by Carphone Warehouse and America's Best Buy to crack the UK electronics market ended in failure.

Carphone Warehouse to close BestBuy UK

Carphone Warehouse is understood to be set to close the failed "Big Box" Best Buy stores in the UK, with the announcement expected at its financial results this week.

Poor UK sales pull down Carphone

Carphone Warehouse suffered more bad news in the UK as it revealed that its domestic performance had dragged down its European sales.

Errors & Omissions: Somewhere in the mush is the meaning – and it's getting harder to find

Sometimes the language seems to be turning to mush before your eyes.

Comet's slide into the red forces Kesa to ready the for-sale sign

Kesa Electricals has admitted for the first time that it is considering selling off its Comet chain after the British company sank to a loss of nearly £9m last year.

Only geeks work at Best Buy: electronics giant sues over label

Careful who you call a "geek." It might get you sued. The US retailer Best Buy, which is renowned in roughly equal measure for selling cheap electronics and providing patchy customer service, is claiming legal ownership of the well-worn term of abuse.

Electronics giant annexes use of the former insult 'geek'

By Guy Adamsin Los Angeles

Carphone's Best Buy deal at risk as losses rise

Carphone Warehouse's foray into "Big Box" stores through its Best Buy UK partnership has been thrown into doubt after losses surged and managers admitted they were "evaluating" the future of the chain.

HMV's bank masters give it more time

The retailer has two more years, but lenders have it 'over a barrel' and the pressure is on
Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 30 January 2015
As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links