Carphone Warehouse co-founder sells shares

A boss at Carphone Warehouse has sold shares worth £10m (€15m) just two weeks after a fellow co-founder did the same, it emerged today.

A boss at Carphone Warehouse has sold shares worth £10m (€15m) just two weeks after a fellow co-founder did the same, it emerged today.

David Ross, who helped set up the firm with chief executive Charles Dunstone 16 years ago, cashed in on a recent surge in the price of the stock by selling six million shares.

Mr Dunstone pocketed roughly the same amount when he made his first sale since the group floated in 2000. Both said they had no current intention to sell any further shares.

Carphone Warehouse, which has around 1,085 stores in 12 countries, has seen its shares rise by almost a fifth in the past month.

Mr Dunstone cashed in his shares on the same day the company announced a 34% hike in pre-tax profits for its last financial year. The group said at the time that current trading was strong across all of its divisions with similar rates of growth in both subscriptions and pre-pay deals.

More in this section

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up