Dixons Carphone cuts 800 jobs in store management restructure August 4, 2020 Dixons Carphone has announced it will slash 800 roles as part of a store management restructuring plan. The retailer, which owns Carphone Warehouse and Currys PC World, said the job cuts were part of a plan to create “one joined up business”. The announcement brings the number of job losses announced this week to 3,600, [...]
SFO launches money laundering probe into Gupta family over ties to Greensill Capital May 14, 2021 The Serious Fraud Office (SFO) said this morning it is launching an investigation into the Gupta Family Group Alliance. “The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Group Alliance (GFG), including its financing arrangements with Greensill [...]
Dixons Carphone kills dividend as mobile pushes it to loss July 15, 2020 Dixons Carphone has cancelled its dividend as poor mobile sales during lockdown pushed it to another annual loss, prompting its share price to sink today. Shares sank 7.8 per cent in early trading as a jump in online sales failed to offset a 20 per cent plunge in mobile sales during lockdown. The figures Dixons [...]
Carphone Warehouse to axe 3,000 jobs as it shuts all standalone stores March 17, 2020 Carphone Warehouse today said it will axe 2,900 jobs under plans to close all 531 of its standalone stores. Parent company Dixons Carphone said the radical move was caused by changes in the mobile market, rather than the coronavirus outbreak. The firm said 40 per cent of impacted colleagues were expected to take new roles [...]
Dixons Carphone posts surge in online shopping as Brits work from home March 26, 2020 Dixons Carphone has reported a huge increase in online sales as Brits splash out on laptops, TVs and kitchen appliances to cope with coronavirus quarantine. The retailer today posted a 72 per cent increase in online sales of electrical goods in the three weeks to 21 March. The boost was driven by booming demand for [...]
Dixons Carphone scraps dividend but reports strong online trading during coronavirus lockdown April 29, 2020 Dixons Carphone will not pay a dividend to shareholders this year due to the coronavirus crisis, the company said this morning as it reported strong online trading during the lockdown. The retailer said its closed stores in the UK, Ireland and Greece would have been expected to contribute an extra £400m this year. However, online [...]
O2 cuts ties with Carphone Warehouse as retailer plots store closures April 1, 2020 O2 has cut commercial ties with Carphone Warehouse after the mobile operator refused to accept revamped terms for their partnership. The tie-up, which has been in place for two decades, saw Carphone Warehouse take a commission for its sales of O2 phone contracts in store and online. But the longstanding relationship came to an end [...]
Jaguar E-Type Unleashed review: a big cat with claws May 14, 2021 The Jaguar E-Type Unleashed is the equivalent of a remastered classic LP, with a 380hp 6.1-litre V12, uprated chassis and modern luxuries.
UK firms cut more than 106,000 jobs amid coronavirus pandemic August 19, 2020 The coronavirus pandemic has battered the UK economy since it arrived in early 2020 – and no sector has remained unscathed, with more than 100,000 job cuts planned during the pandemic. The government’s furlough scheme has allowed millions of people to keep getting a paycheck, but fears are growing that when this is phased out [...]
Dixons Carphone hit with £30m fine for mis-selling mobile phone insurance March 13, 2019 Dixons Carphone has been fined £29.1m for historic mis-selling of mobile phone insurance. The Financial Conduct Authority (FCA) issued the penalty for behaviour between December 2008 and June 2015 at Dixons’ subsidiary, Geek Squad. Read more: Games and TV boost helps offset mobile phone slump at Dixons Carphone Geek Squad staff were trained to recommend [...]