Sponsored by
Carphone mulls splitting business in two
CARPHONE Warehouse has confirmed it is looking at splitting its shops and telecoms service.
Chief executive Charles Dunstone said he had faced questions from investors over the merit of keeping the company together. "It is a valid question and one that we think we should answer," he said, adding that the company has not committed to a split and no action is expected within the next year.
Meanwhile, Dunstone said the retail business was likely to face continued pressure on the high street.
Plans to begin a roll-out of Best Buy Europe, the firm's new joint-venture with Best Buy, the US company that bought half of Carphone's retail business this year, were continuing "full steam ahead".
Carphone shares slumped 9.4 per cent to 118p as it announced an 11 per cent fall in after-tax profits to 39 million for the six months to 27 September.
Email to a friend
Print this page- Family mourn death of Glasgow ‘fight’ schoolboy
- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Saturday 26 May 2012
Today
Sunny
Temperature: 9 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 12 C to 22 C
Wind Speed: 10 mph
Wind direction: North east
