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.

US retailers plan for a bumper holiday season as consumers start spending

American consumers hit the shops in higher-than-expected numbers last month, raising optimism among retailers planning for the holiday season. Economists already knew the US government's $3bn (£1.8bn) vehicle scrappage scheme had boosted car sales last month, but retail sales were strong across the board.

The Insider: Get in the mix with these great ice-cream makers

A quick glance at the ingredients of some supermarket ice-creams can make them sound less than appetising – extracts of Irish moss seaweed (carageenan), ground-up locust beans and corn syrup are just three of the ingredients added to commercial products to improve their taste and shelf life. There is an alternative way to indulge though, by investing in your own ice-cream maker.

Will Windows 7 be worth it?

Microsoft is already offering discounts on US pre-orders of its next-gen Windows version.

The Insider: Get a grip of the basics for maximum performance

There's a daunting number of tyres on the market. Before you start looking, you'll need some basic information about the right type for your car. You can only fit the size and specification of tyre recommended by the manufacturer for the wheels on the model you drive.

Carphone set to open Best Buy stores as it splits in two

TalkTalk broadband unit to be hived off into separately listed company

Best Buy delays UK roll out

The opening of the first Best Buy stores in the UK has been delayed until the first quarter of next year.

The Insider: Fridge-freezers

Looking for cheap chills? Try these cool cabinets

450 jobs 'at risk' at Carphone Warehouse

Carphone Warehouse said today that 450 head office and support centre jobs are "at risk" of redundancy.

Retailer Best Buy suffers from retreating value of its stake in Carphone Warehouse

Best Buy's third-quarter profits have taken a $100m hit to reflect the tumbling value of its near-3 per cent stake in Carphone Warehouse, as the retail giant revealed that it is to slash jobs and capital expenditure amid the "most challenging environment" it has ever faced in the United States.

Carphone ponders £900m spin-off of Talk Talk

Carphone Warehouse, the telecoms and broadband provider, is mulling proposals to spin off of its home phone and internet business Talk Talk, in a bid to release some of the value of the group for shareholders.

Currys owner scales back investment

Consumer electronics giant DSG today said it planned to cut capital expenditure by around £30m this year as part of efforts to deal with deteriorating consumer confidence across Europe.

DSG cautious on consumer outlook

European electrical goods retailer DSG International Plc said it did not expect its markets to recover before 2010 as it posted a drop in first-quarter underlying sales and profit margins and pledged to cut more costs.

Market Report: DSG and Kesa shares hit by HSBC downgrade

HSBC unsettled DSG International and Kesa Electricals yesterday, pouring scorn on the notion of a possible bid from Best Buy.

Carphone broadband growth hit by property slowdown

Carphone Warehouse has halved its predictions for the growth of its broadband business this year, blaming slowing consumer spending and the contracting housing market.

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