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Carphone founder resigns in share scandal

One of the co-founders of UK retailer the Carphone Warehouse has tendered a surprise resignation over the improper use of his shares. David Ross, who owns 19.4 per cent of the company he founded with school friend Charles Dunstone, used 136 million of his 177 million shares as security against personal loans without telling anyone [...]

Carphone founder offloads shares

David Ross, co-founder of UK retail outfit the Carphone Warehouse, has offloaded 15 million shares in the firm for almost £33m. As a result, Ross has cut his holding in the firm from 21.2 per cent to 19.56 per cent. He remains the second largest shareholder in the company. Earlier this month Carphone reported a [...]