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Examples
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Still, Carphone's European and U.S. mobile phone retail chains continued to perform well.
Carphone Mulls Best Buy U.K.'s Future Kathy Gordon 2011
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Still, Carphone's European and U.S. mobile phone retail chains continued to perform well.
Carphone Mulls Best Buy U.K.'s Future Kathy Gordon 2011
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Carphone's TalkTalk business has 2.8 million broadband customers, while Tiscali U.K. has 1.45 million.
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The price of the acquisition was "very attractive," said Will Draper at Execution Research, adding that the scale benefits from the deal will help to drive up Carphone's U.K. margins.
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Its shares surged to on the news of Carphone's interest and were up 33% in afternoon trading.
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Mr. Dunstone's comment Tuesday that the next 12 months will be the most challenging in the group's history knocked 17% off Carphone's share price.
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Putting all Carphone's eggs back in the retailing basket wouldn't be without its risks in such gloomy economic times.
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Carphone's like-for-like retail revenue rose 5.1% in the first half, compared with a 2% decline at TalkTalk.
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Carphone Warehouse dropped 3.3% with traders stating Kesa's results do not bode well for Carphone's joint venture with Best Buy to sell electrical goods.
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The venture -- which will compete with DSG International PLC's PC World and Currys stores and Kesa Electricals PLC's Comet stores -- will double Carphone's revenue and earnings before interest and tax by March 2013, compared with its retail financial performance in the year ended March 2008, Carphone said.
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