The owner of Currys and PC World has agreed to sell one of its Scandinavian businesses for £14.1m as part of plans to rationalise its portfolio of brands. Dixons Retail is to offload Webhallen, a Swedish retailer of games and media products, to Komplett, the Norwegian online firm. The move is part of Dixons' plans to revitalise its struggling internet business Pixmania, which counts Webhallen as a subsidiary.
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Wednesday 08 February 2012
The Office of Fair Trading has resisted calls to introduce greater protection for consumers from expensive extended warranties. The watchdog should have banned the sale of the cover at the point-of-sale.
Wednesday 18 January 2012
Dixons Retail described trading over Christmas as a "rollercoaster ride", but the electricals group's shares jumped as its results were no worse than the City had expected.
Friday 13 January 2012
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.
Monday 31 October 2011
The private equity firm Opcapita is leading the race to acquire Comet, the ailing 248-store UK electricals retailer that is owned by Kesa Electricals.
Tuesday 26 July 2011
It may be lucky that HM Revenue & Customs was not in charge when the country needed a boost from quantitative easing. The hapless taxman yesterday revealed that it had failed to send out thousands of reminders to citizens to pay their bills on time because it had, er, run out of paper. A red-faced Revenue spokesman admitted that the cock-up had come about due to an "exceptionally high demand this year".
Tuesday 19 July 2011
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.
Friday 24 June 2011
The gloom enveloping the high street deepened yesterday after the owner of the Currys electrical chain sank to a loss of nearly £225m, an influential survey revealed the worst UK trading figures for a year in June and the spectre of the administrator returned.
Monday 20 June 2011
With a distinct lack of exciting economic and corporate announcements being released in the UK this week, it could be timely to look beyond British shores for interesting trades.
Friday 27 May 2011
A farm labourer has been jailed for life over the murders of four people in Pembrokeshire after evading detection for more than 20 years.
Thursday 26 May 2011
A man who murdered two couples with a sawn-off shotgun was jailed for life today after evading justice for more than 25 years.
Wednesday 18 May 2011
Mothercare today dealt a fresh blow to the UK high street as it unveiled plans to close 110 outlets and focus on out-of-town superstores.
Friday 13 May 2011
Dixons Retail, the owner of the Currys and PC World chains, yesterday boasted soaring sales of Apple's latest iPad device and said its UK business had outperformed the market, despite the pan-European group suffering a slump in revenues in its second half.
Sunday 08 May 2011
Saturday 30 April 2011
For a record number of viewers around the world, yesterday's royal wedding at Westminster Abbey provided a few hours of unmitigated escapism.
- 2 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 4 Woolwich murder: They killed, then they performed - these men should be starved of our attention
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
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