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.

i Newspaper
 
TheIPaper
The Independent around the web
E-break Time
Independent Crossword

Energis buys Swiss telecoms group

ENERGIS, the UK's largest carrier of Internet traffic and telecoms supplier to Dixons' Freeserve, announced yesterday it had agreed to acquire the entire share capital of Zurich-based group Unisource Carrier Services (UCS) for pounds 60m in cash. The acquisition, Energis's first outside the UK, will be funded from the proceeds of a pounds 250m high-yield bond issued by the company in May.

IMS Group may float football website

IMS GROUP, the Leeds-based telecoms and new media services company, is considering a separate flotation of its popular football news Internet site Teamtalk.com, the chief executive, Bill Wilson, said last night.

Outlook: Freeserve's new investment dawn

IS THIS about Britain at last entering the twenty first century, or rather a question of the Internet bubble finally and dangerously intruding on our British shores? Whichever view you take of Freeserve's sensational stock market debut yesterday, there's no doubt that something fundamental has happened with its coming.

Freeserve nearly 30-times subscribed

THE FLOTATION of Freeserve, Dixons' free Internet service provider, has been nearly 30-times subscribed, it transpired yesterday, making it one of the most sought-after initial public offerings ever on the London stock market. All cheques relating to the offer are being cashed and refunds will not be paid until next week.

Freeserve fast buck lures the stags back

News Analysis: The Internet service provider floats on Monday; its share price will soar

Money: The latest news from the Motley Fool - Make your mark at the meeting

The Motley Fool started as an irreverent investment newsletter and has grown to become one of the most popular personal finance and investment websites. Anyone who follows its philosophy is called a `Foolish investor'.

Freeserve plays it safe with pounds 1.4bn price tag

AROUND 100,000 Freeserve subscribers - roughly 8 per cent of the 1.3 million regular users - have registered for shares in the Dixons' free Internet service provider which comes to the stock market in a fortnight's time.

COMPANY OF THE WEEK: Dixons Group

DIXONS Group, the UK's largest appliances retailer, indicated that second-half profits rose 21 per cent as price cuts helped to lure shoppers and consumer confidence strengthened at the end of its fiscal year.

Judge allows TV show's secret filming was legal

A HIGH COURT judge has quashed a controversial decision by the Broadcasting Standards Commission that the BBC's Watchdog programme invaded the privacy of the retailer Dixons when it filmed sales transactions secretly in the chain's stores.

Dixons weighs up European expansion

DIXONS IS considering spending the proceeds of the flotation of Freeserve, the market-leading free Internet service provider it set up last September, on establishing retail operations on the Continent. It also expects to create 3,000 jobs in the UK this year by opening more than 100 new stores.

The Investment Column: Dixons may be overrated

EVEN BEFORE the market fell in love with Freeserve, the free Internet service provider launched in the autumn, shares in its owner, Dixons, were tipping up.

Investors turn to drink and retail therapy

Stock Market Week

ON THE UP: Dixons Group

DIXONS said it will sell as much as 18 per cent of Freeserve, Britain's first free internet provider, to capitalise on investor enthusiasm for web companies in the biggest offering of an internet stock in Europe. The news sent the shares up 11 per cent - they have tripled since Freeserve was launched last September.

Meet Mr Freeserve

THE MAN WHO CREATED A pounds 1BN COMPANY IN LESS THAN A YEAR
Career Services

Day In a Page

Independent Travel Shop See all offers »
Imperial Cities of Morocco
Seven nights half-board from only £799pp Find out more
Historic Sicily
Seven nights half-board from £799pp Find out more
4* all-inclusive Crete
Seven nights from only £399pp Find out more
Budapest city break
Three nights from only £229pp Find out more
Andrew Mitchell: 'It's no good feeling hard done by'

Andrew Mitchell: 'It's no good feeling hard done by'

In his first interview since 'plebgate', the former Chief Whip opens up just enough to concede that, in politics, you have to take the rough with the smooth
Corruption and the FCO: Blue skies, white sands, dark clouds

Corruption and the FCO: Blue skies, white sands, dark clouds

Special report: Met police call for criminal inquiry into former diplomat's Cayman Islands rule
Fallen angel: Winona Ryder on bouncing back from her decade in the wilderness

Fallen angel: Winona Ryder bounces back

She owned the 1990s... but then she disappeared. Now, Ms Ryder is back with quite the bang in her latest role, as the wife of a notorious real-life Mob hitman.
Roman Polanski shakes Cannes Film Festival

Roman Polanski shakes Cannes Film Festival

The director's new film, 'Venus in Fur', is one of the raciest on offer
Rev Richard Coles: 'I don’t have any concerns that God is cross with me for being gay and eventually the Church won’t either'

Rev Richard Coles on the Church and homosexuality

The mellifluous, erudite and witty Coles is the nation's most pop-culture-friendly priest
'Baghdad likes to live from crisis to crisis': Civil war looms in Iraq

Patrick Cockburn: Civil war looms in Iraq

The governor of Kirkuk - one of the country's most violent but successful provinces - fears the worst
Written on the body: Tattooists at pains to point out their artistic credentials

Written on the body

Tattooists at pains to point out their artistic credentials
Conquering Everest: 60 facts about the world's tallest mountain

Conquering Everest: 60 facts about the world's tallest mountain

The IoS marks the sixtieth anniversary of Sir Edmund Hillary and Tenzing Norgay first reaching the peak of the highest mountain on Earth
A new, and irreversible, Dust Bowl looms

Rupert Cornwell: A new, and irreversible, Dust Bowl looms

The destructive power of tornadoes will be as nothing once the Great Plains' vast underground water reserve dries up
Every creature's needless death diminshes us all

Philip Hoare: Every creature's needless death diminishes us all

A 60 per cent decline in our national species should alarm us, yet few of us act. But to mind more about animals would reflect well on society
Killing with kindness: Burma's religious battleground - and the monks at the heart of it

Killing with kindness: Burma's religious battleground

Six years ago, the world cheered the monks behind Burma’s Saffron Revolution. Now, a horrific new eruption of religious slaughter is being blamed on a 'Buddhist Bin Laden'.
Let's take it outside: Bill Granger's Bank Holiday feast

Let's take it outside: Bill Granger's Bank Holiday feast

You can’t always depend on the weather – but you can avoid the pitfalls of the British barbecue by preparing an elaborate outdoor feast indoors ahead of time...
The Calvin report: Stirring Champions League final shows how far English game must advance

The Calvin report

Stirring Champions League final shows how far English game must advance
10 big questions for the British & Irish Lions to answer

10 big questions for the British & Irish Lions to answer

Warren Gatland's squad fly Down Under aiming to do justice to the expectations – and hoping the Wallabies stay in the pub
The Last Word: Golf must end the hypocrisy before its halo slips totally

The Last Word

Golf must end the hypocrisy before its halo slips totally