Feeds

Carphone Warehouse shares rally with buyout rumours

Just enough to recover from Thursday's slump

The Essential Guide to IT Transformation

Shares in Carphone Warehouse closed up 2.6 per cent on Friday after rumours that Vodafone were looking to acquire the company surfaced. The recovery made up for the drop on Thursday when sometime competitor DSG International issued a profit warning, the combination putting CPW shares about where they were last week.

While the share price did jump on the rumour of a Vodafone buyout, most analysts felt that any acquisition attempt would originate on the other side of the pond - Best Buy electronics already owns three per cent of CPW, and the companies work closely together.

Being bought by Vodafone would make CPW less impartial, though that independence is debatable now they offer their own services - but it's hard to see what Vodafone would gain besides attracting the attention of the monopolies regulator.

A trading statement is expected from CPW company on 18 January, so the flurry of trading is against what that might reveal. While sales of the iPhone might not have helped the company, it seems likely the footfall the product attracted will have done. Still, we'll have to wait until the 18th to find out for sure. ®

Boost IT visibility and business value

More from The Register

next story
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Trying to sell your house? It'd better have KILLER mobile coverage
More NB than transport links to next-gen buyers - study
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
prev story

Whitepapers

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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.