Carphone Warehouse lifts FTSE

Carphone Warehouse shares surged today after the company announced a deal to buy the UK arm of internet provider AOL for £370 million.

Wed, 11 Oct, 2006 - 12:07

Carphone Warehouse shares surged today after the company announced a deal to buy the UK arm of internet provider AOL for £370 million.

The FTSE 250 Index stock had been in negative territory but leapt to stand 4% higher after Carphone won the AOL auction held by Time Warner.

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