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Evening News / Sony Centre Reverse Auction

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Broker says hold: Carphone Warehouse



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289p -10.25p
FOLLOWING the announcement of a joint venture with US retailer Best Buy, Landsbanki has maintained its "reduce" recommendation on Carphone Warehouse.

The broker believes Best Buy taking a 50 per cent stake in Carphone's distribution business is a "positive move" but thinks the mobile phone market is getting tougher.

However, Landsbanki believes the extra cash will increase speculation about a bid for Tiscali.





The full article contains 71 words and appears in The Scotsman newspaper.
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  • Last Updated: 08 May 2008 9:36 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
 

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