News The logo of Samsung Electronics is displayed on a glass door at their headquarters in Seoul on November 6, 2013. Samsung Electronics promised better shareholder returns, dismissed fears over smartphone market saturation and signalled a more aggressive acquisitions policy Wednesday at a rare analysts' briefing to boost its flagging stock price.

Samsung has announced plans to open 60 of its own branded stores in Britain and six other European countries, in a bid to challenge Apple's successful retail store approach.

Morrisons kids' shop takes over leases of 10 Best Buy stores

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 hit as pre-pay customers hang up

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 to start shutting stores

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.

What the Sunday Papers said...

The Independent on Sunday: Business leaders expect economy to worsen

Ross set to take Cosalt private with knockdown offer

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

Ailing Cosalt may go private

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

Rude awakening from Best Buy's big dream

The US electricals giant is closing 11 UK stores after being hit by a lethal combination of tough conditions and poor timing

David Prosser: Is Sir Ken the only one to have blundered?

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.

Drama at Cowes as 40-foot catamaran overturns

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.

Poor UK sales pull down Carphone

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

Dixons chief gets bonus despite mounting losses

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.

When in Rome...roaming costs should be cheaper

A new charging regime for using mobile phones abroad promises price cuts for customers

Comet's slide into the red forces Kesa to ready the for-sale sign

Kesa Electricals has admitted for the first time that it is considering selling off its Comet chain after the British company sank to a loss of nearly £9m last year.

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