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DSGi profit plummets 30%

DSG International (DSGi) saw annual profit tumble 30 per cent today, after the struggling electrical retailer was forced to cut prices to shift stock amidst a tightening of consumer spending. The firm, whose stores include Currys and PC World in the UK, Elkjop in Nordic countries and UniEuro in Italy, reported pre-tax profit …
Kelly Fiveash, 26 Jun 2008
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Dixons admits 'it's even worse than you thought'

DSGI will overhaul its PCWorld computer barns and slash its fleet of High Street shops as part of a turnaround plan revealed the same day it admitted sales have gone into reverse at its computer retail business. The dire condition of the electronics giant's business was underlined by the company's decision to halve its …
Joe Fay, 15 May 2008
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BestBuy blasts into UK with Carphone Warehouse buy

Carphone Warehouse is selling a 50 per cent stake in its mobile phone retail business to US electronics retailer BestBuy, setting the stage for a heavyweight fight in the UK's retail electronics market. The deal will bring CPW £1.1bn in cash, enough to sort out its debt problems and could leave enough in the till to buy …
John Oates, 8 May 2008
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Gateway denies talks with Acer

Tawain's Acer is not in talks to acquire Gateway, the California-based computer maker said yesterday. Shares in Gateway surged by up to eight per cent over the past few days as analysts speculated over comments made by Acer's chief executive, JT Wang, who said the company was looking at a possible PC industry acquisition. …
Kelly Fiveash, 21 Mar 2007

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