Feeds

Carphone's Q3 fails to please investors

Numbers up? Meh

Build a business case: developing custom apps

CarphoneWarehouse said today that trading in the third quarter was towards the top end of expectations and it is on track to split the company into two.

But the markets weren't impressed - CPW shares are up only half a percent, admittedly on a falling market.

The company said it expects revenues from TalkTalk to grow 29 per cent to £446m, compared to £347m for 2009. It gained 36,000 new broadband punters in the quarter, taking the total to 4.15 million.

It expects income from its Best Buy joint venture to be between £40m and £45m - above previous guidance of £30m to £40m.

Best Buy increased connections by 1.4 per cent, despite tough annual comparisons. Operating margins are up slightly thanks to cost cutting and the first "Big Box" store in spring this year.

Virgin Mobile France should increase revenue by 44 per cent to €63m from 1.69 million customers.

The demerger - splitting into telecoms business TalkTalk and retail business Best Buy - should be completed by the end of March. Shareholder information is going out this month. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Canadian ISP Shaw falls over with 'routing' sickness
How sure are you of cloud computing now?
Don't call it throttling: Ericsson 'priority' tech gives users their own slice of spectrum
Actually it's a nifty trick - at least you'll pay for what you get
Three floats Jolla in Hong Kong: Says Sailfish is '3rd option'
Network throws hat into ring with Linux-powered handsets
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
PwC says US biz lagging in Internet of Things
Grass is greener in Asia, say the sensors
Ofcom sees RISE OF THE MACHINE-to-machine cell comms
Study spots 9% growth in IoT m2m mobile data connections
O2 vs Vodafone: Mobe firms grab for GCHQ, gov.uk security badge
No, the spooks love US best, say rival firms
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.