Feeds

Dixons plays down The Link sale speculation

Not interested

Secure remote control for conventional and virtual desktops

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.