SHARE SHOPPING
The chairman of Dixons Carphone splashed out £100,000 on its shares – a day after the firm announced a shock profit warning.
Tory peer Ian Livingston yesterday bought 54,655 shares in the electrical giant for 182p each.
That’s more than 20% cheaper than the close of play on Wednesday.
Shares in the Dixons and Carphone Warehouse owner tanked on Thursday after it revealed that customers were keeping their mobiles for longer.
One person nursing a big paper loss is Carphone Warehouse founder Sir Charles Dunstone. The yacht-loving tycoon owns 11.6% of Dixons Carphone and more than 30% of broadband firm TalkTalk, where he is executive chairman. TalkTalk’s share price fell yesterday. It means Dunstone’s stakes in Dixons and TalkTalk have tumbled £84million in the past two days, or more than £800m since 2015. That said, the 52-year-old is still reckoned to be worth more than £900m.