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
21 Jan 2020 13:51

UPDATE: Dixons Carphone Misreports Sales Growth After "Clerical Error"

UPDATE: Dixons Carphone Misreports Sales Growth After "Clerical Error"

Read more
21 Jan 2020 11:59

LONDON MARKET MIDDAY: Stocks Slump On Asia Virus; UK Jobs Lifts Pound

LONDON MARKET MIDDAY: Stocks Slump On Asia Virus; UK Jobs Lifts Pound

Read more
21 Jan 2020 10:34

UK WINNERS & LOSERS SUMMARY: Dixons Carphone Rises On Festive Trading

UK WINNERS & LOSERS SUMMARY: Dixons Carphone Rises On Festive Trading

Read more
21 Jan 2020 08:45

LONDON MARKET OPEN: easyJet Climbs After Raising Revenue Guidance

LONDON MARKET OPEN: easyJet Climbs After Raising Revenue Guidance

Read more
21 Jan 2020 08:20

TOP NEWS: Dixons Enjoys Strong Peak Season Despite Weak UK Retailing

TOP NEWS: Dixons Enjoys Strong Peak Season Despite Weak UK Retailing

Read more
21 Jan 2020 08:00

Dixons Carphone reports mixed performance over festive period

(Sharecast News) - Dixons Carphone reported a rise in electricals revenue over the festive period but a drop in mobile sales on Tuesday as it said it was on course to deliver on its full-year expectations.

Read more
17 Jan 2020 16:03

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
14 Jan 2020 16:01

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
14 Jan 2020 11:59

LONDON MARKET MIDDAY: Caution As US Banks To Kick Off Earnings Season

LONDON MARKET MIDDAY: Caution As US Banks To Kick Off Earnings Season

Read more
14 Jan 2020 11:54

Tuesday broker round-up

(Sharecast News) - DFS: Jefferies downgrades to hold with a target price of 275p.

Read more
14 Jan 2020 10:52

UK WINNERS & LOSERS SUMMARY: Elementis And McBride Down After Warnings

UK WINNERS & LOSERS SUMMARY: Elementis And McBride Down After Warnings

Read more
14 Jan 2020 09:38

UK BROKER RATINGS SUMMARY: Berenberg Downgrades BP And Raises Shell

UK BROKER RATINGS SUMMARY: Berenberg Downgrades BP And Raises Shell

Read more
14 Jan 2020 08:51

LONDON MARKET OPEN: Stocks Mixed; Elementis Falls After Profit Warning

LONDON MARKET OPEN: Stocks Mixed; Elementis Falls After Profit Warning

Read more
9 Jan 2020 16:57

Dixons Carphone Fined GBP500,000 By UK Regulator For Data Breach

Dixons Carphone Fined GBP500,000 By UK Regulator For Data Breach

Read more
2 Jan 2020 16:55

LONDON MARKET CLOSE: London Stocks Start 2020 Strongly But Pound Lags

LONDON MARKET CLOSE: London Stocks Start 2020 Strongly But Pound Lags

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.