News
Carphone faces FTSE 100 delisting
Ben Furfie Sep 1 2008, 11:02am
Comments (2)
Firm faces D-day on September 9th after value falls below required level
Carphone Warehouse could be delisted from the FTSE 100 next week, after its market capitalisation dropped below the level required to remain in the prestigious index of UK PLCs.
The warning comes after analysts said that it was unlikely the retailer would avoid the drop. Speaking to Retail Week, one analyst said: "It's in the drop zone."
Should it be demoted when the next quarterly recalculation takes place, it will join a long list of retailers who have been demoted this year, including its soon-to-be competitor DSGi.
However, despite the looming cloud, a spokesman for the firm dismissed the move's impact on the company saying: "It doesn't make any difference to how the business is run."
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Comments
“Even if”
Posted by: gary - Sep 1, 1:02pm
Even if this does happen, it'll shoot back up into it once Best Buys start opening
“Re: Even if”
Posted by: bigjokk - Sep 2, 11:08pm
ftse 100 inclusion is important in terms of prestige but nothing more. i work for cpw and have done for 7 years and when we got into the top 100 last year it didnt change how the company was run then so i dont see this as big news.
beside i think that best buy will buy the remaining 50% of cpw retail and take the company private