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.
Best Buy Co. Inc.
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Wednesday 16 September 2009
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.
Saturday 15 August 2009
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.
Friday 10 July 2009
Microsoft is already offering discounts on US pre-orders of its next-gen Windows version.
Saturday 06 June 2009
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.
Saturday 02 May 2009
Thursday 23 April 2009
Wednesday 04 March 2009
The opening of the first Best Buy stores in the UK has been delayed until the first quarter of next year.
Saturday 28 February 2009
Thursday 26 February 2009
Carphone Warehouse said today that 450 head office and support centre jobs are "at risk" of redundancy.
Wednesday 17 December 2008
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.
Monday 17 November 2008
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.
Thursday 23 October 2008
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.
Wednesday 03 September 2008
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.
Wednesday 27 August 2008
HSBC unsettled DSG International and Kesa Electricals yesterday, pouring scorn on the notion of a possible bid from Best Buy.
Friday 01 August 2008
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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