David Ross, who helped Charles Dunstone co-found The Carphone Warehouse, has just sold 4.4 million of his shares.
That represented around 7% of his total shareholding, netting him in the region of £17 million and leaving him with over 58 million shares (just under 13% of the company).
Mark Bridge writes:
Sometimes it seems that everyone and everything is out to get you. Recently, Nokia's been in that position – but this week it looks as though RIM is taking over as the mobile industry's whipping-boy.
The LG Optimus 3D, which was unveiled at Mobile World Congress in Barcelona earlier this year, has been officially launched today.
It'll arrive in Europe first, with availability in more than 60 markets around the world to follow over the next several weeks. The Carphone Warehouse and Best Buy will have exclusive rights for the UK launch.
Carphone Warehouse Group plc has published its preliminary results for the financial year ended 31st March 2011.
It says its share of Best Buy Europe's net income was up 28% year-on-year to £60.4 million, while CPW Europe grew 18% to £134.6 million. However, Best Buy UK saw a loss of £62.2 million.
The Carphone Warehouse has introduced a "Network Price Promise" that guarantees to match any deals available from the UK's major mobile networks.
It applies to new connections and upgrades for prepay and 'pay monthly' contracts.