(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.
Warehouse has been fined [pounds sterling]29,107,600 by the Financial Conduct Authority for failings that led to the mis-selling of "Geek Squad", a mobile phone insurance and technical support product.
is expected to book another sales slump at its troubled mobile phone division when it reports on its thirdquarter performance next week.
City analysts forecast the retailer's Carphone
Warehouse outlets will post a 5% decline in like-forlike sales in the period, which includes Christmas.
UK Electronic Retailer Dixons Carphone
Hit by Data Breach
Warehouse is to close almost 100 of its stores this year, the retailer's new boss has announced.
Nearly 100 Carphone
Warehouse stores are to close this year as the retailer's new boss pledged to "take action" to tackle challenges in the mobile phone market.
has embarked on a management reshuffle as it looks to arrest declining mobile phone sales.
Ecrebo, the point of sale marketing specialist, has announced a five-year contract with Dixons Carphone
, Europe's specialist electrical and telecommunications retailer and services company, the company said.
TELECOMWORLDWIRE-October 6, 2017-Dixons Carphone
upgrades 'Message at Till' capabilities
The chairman of Dixons Carphone
splashed out PS100,000 on its shares - a day after the firm announced a shock profit warning.