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.

DSG's megastores plan pays off with sales rise

The owner of Currys and PC World said its transformation plans were on track after it reported a 6 per cent rise in sales for the 28 weeks to 1 May. DSG International said it was particularly encouraged by trading in UK electricals, the Nordic countries and Spain and Italy.

Best Buy's man has Britain's electricals giants in his sights

In The Spotlight: Scott Wheway

Best Buy opens first British shop but postpones website launch

Arrival of US electricals superstore chain forces competitor Currys to raise its game

Investment Column: Carphone is not as pricey as it looks

Carphone Warehouse

Best Buy to open first UK store in Essex next week

The US electricals giant Best Buy is to open its first UK store a few weeks early for the bank holiday, as it bids to take on rivals Currys and Comet.

Apple fans hit grey market for iPads

Apple's decision to delay the sale of its iPad overseas may frustrate customers in Germany, France or Japan -- but it brightened the day of at least a few crafty fans closer to home.

Twitter set to make money through advertisements

Popular microblogging site Twitter is all set to unveil its advertisement model today, which would mark its first step toward allaying concerns about its revenue generating potential.

Business Diary: Doug didn't want to join the gang anyway

Does Doug Williams, head of the Centre for Economic and Business Research, feel snubbed? He wasn't asked to sign any of the letters dispatched by groups of economists last week on spending cuts, but wants it known he would have said no if he had been. "The fact that a number of Nobel Prize winners have signed such letters says more about the low quality of people receiving Nobel prizes than the credibility of the letters," Doug adds.

iPhone sales lift Carphone

Demand for so-called smartphones, such as Apple's iPhone, helped Carphone Warehouse increase its full year earnings forecasts yesterday, after a robust Christmas trading period.

Spotlight: Virgin credit card

If you are looking to spread the cost of your Christmas splurge and want to take advantage of a 0 per cent balance-transfer credit card, the Virgin card could be the answer.

Hollywood tries 'combo' deal to push Blu-ray

Although prices for some Blu-ray players have dropped, customers are hesitating to jump into the next-generation video format. Even people who already own Blu-ray players are still buying movies on DVDs.

Business Diary: 28/11/2009

RBS gets another gift from ABN Amro

Royal Bank of Scotland has one more reason to regret its disastrous takeover of ABN Amro, a deal that lead to the departure of the boss, Sir Fred Goodwin. Guess where most of RBS's exposure to Dubai comes from? You got it: its Dutch subsidiary has always been a big player in the Middle East.

Business Diary: Moss wants a win-win but at no cost to him

Aviva chief Andrew Moss was waxing lyrical on the proposal to create a Consumer Financial Education body in the Queen's Speech. He wants the credit for recommending it as chairman of the insurance industry working group and calls it a win-win. "Consumers benefit by taking greater responsibility to save for their retirement. Society gains as improved financial literacy helps close the long-term savings gap." Now for the but: "The insurance industry already contributes significantly to a range of financial education initiatives." So a win-win that will generate us lots of business but which we don't want to pay for.

Call of Duty game shoots to make history

Forget the buzz over the next "Twilight" film or James Cameron's "Avatar." The biggest entertainment hit of the holiday season may come on Tuesday, when "Call of Duty: Modern Warfare 2" hits stores.

Electricals giant Best Buy to create 8,000 UK jobs and open 80 stores

The world's largest electricals retailer, Best Buy, is to create 8,000 jobs in the UK over the next five years and is gearing up to open its first stores this coming spring, taking on Currys and Comet.

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Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

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