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Carphone Warehouse (CPW) earnings forecasts increased thanks to iPhone

Great news for CPW Carphone Warehouse as thanks to the Apple iPhone, and other so called smartphones its full years earnings have increased.

Reporting its third quarter trading the company have also confirmed that they plan to split the company into two parts in March, shareholder documents are likely to be sent out at the end of this month.

Earnings per share are expected to reach 15p in March the company have said. Best Buy Europe Carphones, retail division is expected to generate net inocme of somewhere between £40m and £45m by March as revenues have leapt 5.5% in the three months to the end of December.

Talk Talk is expected to deliver an amazing £446m a massive 29% improvement on last year. Analysts at UBS have said the demerger could bring further value for investors. Source – independent.co.uk