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Carphone faces FTSE 100 delisting - PC Retail

Carphone faces FTSE 100 delisting

Firm faces D-day on September 9th after value falls below required level
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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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