Mobile operator EE is set to takeover about 60 shops from the stricken retailer Phones 4u, in a move that will save hundreds of jobs, The Guardian reports. Phones 4u entered administration last week, after EE cancelled its contract with the phone retailer just a few months after Vodafone had made a
Read moreLONDON, Sept 22 (Reuters) - Britain's biggest mobile operator EE said on Monday it had agreed to buy 58 stores from retailer Phones 4u, which was placed in administration a week ago. Last week, rival mobile operator Vodafone UK announced the takeover of 140 Phones 4u stores and retailer Di
Read more(Adds Dixons Carphone also in talks for some Phones 4u stores) LONDON, Sept 21 (Reuters) - EE, Britain biggest mobile operator, is in talks to take over stores from Phones 4U , which fell into administration on Monday, a spokesman said, confirming a Sunday Times report. "We can confir
Read moreLONDON, Sept 21 (Reuters) - EE, Britain biggest mobile operator, is in talks to take over more than 60 stores from Phones 4U, which fell into administration on Monday, the Sunday Times reported, without citing sources. On Friday, Phones 4U's administrators PwC said Vodafone UK had agreed t
Read moreLONDON, Sept 19 (Reuters) - Phones 4U's administrators PwC said Vodafone UK had agreed to take on 140 of its stores on Friday, saving 887 jobs, while a further 628 staff will be made redundant. The mobile phone retailer, which has 550 standalone stores and 5,596 employees, fell into admini
Read more* PwC reject bondholder restructuring during call * Senior secured notes trade up after call * PwC in "early stages" of exploring litigation (Adds detail, market opinion) By Robert Smith LONDON, Sept 18 (IFR) - Phones 4U's administrator, PwC, said there is little chance
Read moreBy Robert Smith LONDON, Sept 18 (IFR) - Phones 4U's administrators PwC said there was little chance of a prosposed debt-for-equity swap succeeding for the business, during a phone call with bondholders on Thursday. A group of Phones 4U's senior secured bondholders have proposed to res
Read moreAn injection of liquidity into Chinese banks failed to lift UK stocks on Wednesday, as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 finished the session lower by 0.17% at 6,780.19, down from the 6,792.24 seen on Tuesday, its lowest close since 22 Augus
Read moreStimulus measures in China helped UK stocks higher on Wednesday with the heavyweight mining sector on the rise, though gains were limited as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 was trading up 0.15% at 6,803 by midday after settling at 6,792.24
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