Advertisement

Dixons Retail to sell Equanet operations

Electronics company Dixons Retail has announced plans to sell its Equanet operations to Kelway, the London based IT solutions and services provider.

Electronics company Dixons Retail has announced plans to sell its Equanet operations to Kelway, the London based IT solutions and services provider.

The disposal, which is expected to complete by late March, comprises the IT reseller activities based in Bury along with the Equanet brand name.

Sebastian James, the Chief Executive of Dixons Retail said: "The agreement to dispose of Equanet demonstrates further progress in refocusing our business on leadership positions in key markets and territories whilst at the same time, giving Equanet the opportunity to flourish in the specialist B2B market under the ownership of Kelway."

Advertisement - Article continues below

Dixons will continued to operate it PCWorld Business B2B offer online and in stores.

The share price fell 1.26% to 31.24p by 09:43.

NR

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
Three ideas for Lloyds Bank's new boss
UK stockmarkets

Three ideas for Lloyds Bank's new boss

The Black Horse needs whipping into shape. A change at the top provides a great opportunity, says Matthew Lynn.
12 Jul 2020
Why the moving average is my favourite charting tool
Sponsored

Why the moving average is my favourite charting tool

Traders and technical analysts use "moving averages" to iron out daily fluctuations and give a much clearer picture of a market's direction. Dominic …
13 Jul 2020