Feeds

Dixons plays down The Link sale speculation

Not interested

Build a business case: developing custom apps

Dixons has played down reports that it would be happy to flog its majority stake in mobile phone outfit The Link.

The Link is owned by Dixons (60 per cent) and mobile operator O2 (40 per cent).

Press reports today suggested that chief exec John Clare would be "open to offers" for someone to buy Dixons' 60 per cent stake in the business.

But a spokesman for the retailer rubbished the reports insisting that the retailer is backing The Link.

Indeed, the company has made no secret of the fact that it would be prepared to buy out O2's 40 per cent stake although so far the cellco has rejected any approach.

Furthermore, the deal between the two companies means that either side gets first refusal for buying The Link and either side can also veto any third-party sale.

Yesterday, Dixons revealed it is continuing to suffer from the effects of weak consumer spending in the UK and remains "cautious".

Publishing figures for the 16 weeks trading to August, the retailer revealed that like-for-like sales in the UK were down 3 per cent, hit hard by a dip in demand for items such as washing machines and fridges, and falling hardware prices for computers and communications kit.

The bright spot for Dixons came from its expanding overseas operations where it saw sales rise 5 per cent on a like-for-like basis.

Oh, and Dixons shareholders also approved the company's change of name from Dixons Group plc to DSG international plc. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.