Dixons looks at Freeserve flotation

Dixons Group plc, Britain's biggest electricals chain, moved yesterday to cash in on the success of Freeserve, its free Internet service provider, saying it was looking at a partial flotation.

Dixons said it was considering how to optimise Freeserve's value, including an initial public offering of a minority stake. The firm has appointed Credit Suisse First Boston and Cazenove & Co to look into the options for Freeserve, which was introduced in September and has become the UK's biggest Net service provider, with more than a million subscribers.