A British financial watchdog has imposed a fine of about £29m (€34m) on electrical goods retailer Dixons-Carphone for misselling its ‘Geek Squad’ phone insurance and technical support service.

A US priest was warned by lawyers to get rid of door stickers on his car with the words “God Squad”.

Carphone Warehouse today announced plans to create a European consumer electronics empire after striking a £1.1bn (€1.4bn) deal with US group Best Buy.