Best Buy boss Brian Dunn has resigned abruptly after the troubled consumer electronics chain launched an internal investigation into his "personal conduct".

Dunn by name...

Kiddicare, the online baby products retailer acquired by Morrisons last year for £70m, has bought the 10 shops exited by the electricals retailer Best Buy UK this month.

Carphone Warehouse has suffered from tumbling pre-paid revenues during the consumer downturn, which hit its third-quarter underlying sales by nearly 5 per cent.

Best Buy will start closing down its UK stores on Sunday after throwing in the towel in its battle to shake up the UK electronics market.

The Independent on Sunday: Business leaders expect economy to worsen

Shareholders in beleaguered offshore safety company Cosalt were yesterday in effect told to accept a knockdown offer or watch the business plunge into receivership.

David Ross has made an approach to take Cosalt, the offshore safety company he chairs, private for 0.1p a share, or £400,000.

Outlook The curious case of Sir Ken Morrison, fined yesterday for failing to tell Morrisons he had sold off his holdings in the supermarket group, is reminiscent of another recent share ownership scandal. Sir Ken appears to have simply overlooked his duty to inform the company of the disposals he made, just as, in 2008, David Ross, a significant shareholder in Carphone Warehouse, inadvertently fell foul of rules requiring him to declare he had pledged chunks of his holdings as collateral against certain loans.

Life turned upside down for John Pink when the 40-foot catamaran he was racing went head over heels at the Extreme Sailing Series off Cowes yesterday.

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

John Browett, the chief executive of Dixons Retail, has pocketed a cash bonus of £122,000 for the year just ended, despite the owner of Currys delivering a loss of nearly £225m.