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.

Habitat hires new chief executive

Habitat, the furniture chain, has hired the former marketing director of electricals retailer Best Buy as its new chief executive.

Best Buy in £19m Belgian chain sale

Best Buy Europe, the joint venture between Carphone Warehouse and US electricals giant Best Buy, is to sell its 83-store Belgian chain for €22m (£19.38m) to Belgacom, the country's largest telecommunications firm.

UK remains top market for global retailers

Britain has held on to its position as the world's most popular retail market for the fourth year, despite a slowdown in consumer spending, says the property firm CB Richard Ellis. Some 58 per cent of international retail brands have opened here, with UAE the second most popular. International retailers entering the UK in recent years have included Abercrombie & Fitch and Best Buy.

Best Buy to close stores in China and Turkey

Best Buy is to close its stores in China and Turkey and focus on smaller stores in the US as part of an attempt to generate savings of up to $70m at the US electronics giant.

Best Buy UK loses more directors

Best Buy UK, the joint venture between the US electricals giant and Carphone Warehouse, has lost another two directors just days after its chief executive Scott Wheway stepped down.

Investment Column: Pearson expands education sector empire

Ashtead; Carphone Warehouse

Carphone shares soar on dividend promise

Carphone Warehouse has pledged more cash to promote its Best Buy electronics megastores as it looks to establish the fledgling brand in the UK.

Best Buy unveils move into British online market

The US electricals giant Best Buy will launch an online shop in the UK within the next fortnight to take the fight to its rivals Currys, Comet and Argos on to the web.

Sony unveil first Google TVs

Sony is making its biggest push yet into so-called connected televisions, unveiling a line of Google-enhanced sets that aim to fuse TV and Web content together in the living room.

DSGi dismisses threat of Best Buy's arrival in UK as sales of iPads and TVs soar

The chief executive of DSGi, owner of the Currys and PC World retail chains, has seen "no impact" from the launch of Best Buy in the UK.

Carphone's Dunstone backs Jensen Interceptor relaunch

Charles Dunstone, the founder of Carphone Warehouse, has emerged as part of a surprise new venture: an attempt to resurrect the iconic Jensen Interceptor.

Questions Of Cash: 'Halifax won't pay me my £5 account reward'

Q. My Halifax Reward current account is supposed to be credited with £5 a month in return for me making a payment into my account every month. But I did not get my reward in May. Halifax said that because of the May Day Bank Holiday my payments had gone in one day earlier than usual, on 30 April – so I was not entitled to the reward and was penalised because the bank chose to make the transfer early. I think other Halifax customers should know about this. MC, by email.

Kesa returns to the black but extra competition hits sales at Comet

Kesa Electricals said it had returned to profit despite sales at its flagship British chain, Comet, still coming under pressure.

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