UK group Yell considering sale of U.S. arm: report

LONDON (BestGrowthStock) – British yellow-pages publisher Yell (YELL.L: ) is preparing an emergency review that could see it sell its U.S. arm for 1 billion pounds ($1.58 billion), The Sunday Times newspaper said, without citing sources.

Yell declined to comment on the report.

Last month, Yell named ex-Cisco (CSCO.O: ) manager Michael Pocock as its new chief executive as it reported a 12 percent slide in second-quarter sales, which caused its shares to slump.

($1=.6338 Pound)

(Reporting by Sudip Kar-Gupta; Editing by Karen Foster)

UK group Yell considering sale of U.S. arm: report