Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksDC..L Share News (DC.)

  • There is currently no data for DC.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

PRESS: Dixons In Dispute With Telefonica Over GBP22 Million Shortfall

Mon, 12th Aug 2019 09:13

(Alliance News) - Dixons Carphone PLC subsidiary Carphone Warehouse is suing the owner of O2, Telefonica SA, claiming the mobile network caused it to suffer a GBP21.7 million shortfall in profit by breaching its obligations, the Sunday Times reported.

The FTSE 250-listed retailer has issued a High Court writ accusing telecommunications firm Telefonica of failing to make "enough" special offers available, refusing to hand over customer data and offering "uncompetitive" standard tariffs, which stopped Carphone Warehouse hitting sales targets agreed with O2.

As a result, Carphone Warehouse claims it lost GBP9.6 million of profit plus GBP4.5 million it would have received from Telefonica for achieving targets.

In turn, Telefonica said it would make special-offer tariffs available only if Carphone Warehouse accepted a cut in its share of sales, which it refused to do.

https://www.thetimes.co.uk/article/carphone-warehouse-sues-telefonica-over-21m-shortfall-vnqgcqtxd

Dixons Carphone shares were up 1.0% in London on Monday at 112.15 pence each.

More News
15 Jul 2020 17:16

LONDON MARKET CLOSE: Astra And Moderna Vaccine News Push Stocks Up

LONDON MARKET CLOSE: Astra And Moderna Vaccine News Push Stocks Up

Read more
15 Jul 2020 10:48

UK WINNERS & LOSERS SUMMARY: Burberry Out Of Fashion As Sales Plunge

UK WINNERS & LOSERS SUMMARY: Burberry Out Of Fashion As Sales Plunge

Read more
15 Jul 2020 09:44

Dixons Carphone Sees Covid Hit To Mobile Phones Business

Dixons Carphone Sees Covid Hit To Mobile Phones Business

Read more
15 Jul 2020 08:08

LONDON BRIEFING: UK Inflation Rises But Tempered By Low Energy Prices

LONDON BRIEFING: UK Inflation Rises But Tempered By Low Energy Prices

Read more
15 Jul 2020 07:54

Dixons Carphone profits slump following Covid store closures

(Sharecast News) - Dixons Carphone posted a slump in full-year profits on Wednesday, pinning the blame on weakness in the mobile division and store closures due to the coronavirus pandemic.

Read more
8 Jul 2020 16:07

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
11 Jun 2020 12:25

UK job cuts mount as Covid-19 takes its toll

(Sharecast News) - UK job losses continued to mount in their thousands on Thursday as Centrica, Johnson Matthey and Bombardier became the latest companies to announce large reductions to their workforces in the Covid-19 crisis.

Read more
9 Jun 2020 09:27

UK BROKER RATINGS SUMMARY: Citi Cuts Biffa To Sell From Neutral

UK BROKER RATINGS SUMMARY: Citi Cuts Biffa To Sell From Neutral

Read more
26 May 2020 09:48

UK BROKER RATINGS SUMMARY: Goldman Cuts Ascential To Neutral From Buy

UK BROKER RATINGS SUMMARY: Goldman Cuts Ascential To Neutral From Buy

Read more
20 May 2020 09:26

UK BROKER RATINGS SUMMARY: Deutsche Bank Upgrades Compass To Buy

UK BROKER RATINGS SUMMARY: Deutsche Bank Upgrades Compass To Buy

Read more
12 May 2020 10:54

Morgan Stanley downgrades Dixons and Superdry, forecasts 62% slide in sector earnings

(Sharecast News) - Morgan Stanley has re-rated a swathe of retailers, warning that earnings are likely to tumble this year and the next as long-term consumer spending patterns undergo a fundamental shift.

Read more
12 May 2020 09:42

UK BROKER RATINGS SUMMARY: Morgan Stanley Weighs In On UK Retailers

UK BROKER RATINGS SUMMARY: Morgan Stanley Weighs In On UK Retailers

Read more
4 May 2020 13:34

Monday broker round-up

(Sharecast News) - Go-Ahead Group: Canaccord upgrades to buy with a target price of 1,650p.

Read more
4 May 2020 09:33

UK BROKER RATINGS SUMMARY: Buy Dixons Carphone And AG Barr - Liberum

UK BROKER RATINGS SUMMARY: Buy Dixons Carphone And AG Barr - Liberum

Read more
29 Apr 2020 09:15

Dixons Carphone Axes Payout But Online Sales Get Bread Baking Boost

Dixons Carphone Axes Payout But Online Sales Get Bread Baking Boost

Read more

Make Better Investment Decisions

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.