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Hot summer boosts sales at electrical retailer Currys

Electricals retailer Currys said group sales were up 3% in the first four months of its financial year, putting it on track to meet forecasts.

Business • 04 Sep

Currys posts annual pre-tax profits above estimates

British electricals retailer Currys has today reported annual adjusted pre-tax profit above market expectations, as higher sales and tight cost control helped offset pressures from increased wages and costs.

Business • 03 Jul

Currys said like-for-like sales are up 4% since early January, driven by its UK and Ireland division and a sales recovery in the Nordics business

Currys up annual profit outlook for third time this year

British electricals retailer Currys has today raised its annual profit forecast for the third time this year as rising sales countered growing costs.

Business • 21 May

Currys said today that trading since early January had been robust

Currys raises profit outlook after robust trading

Electricals retailer Currys has today raised its full-year profit forecast, saying trading since early January had been robust.

Business • 03 Apr

Currys has reported a 2% rise in underlying sales for the key Black Friday and Christmas trading period

Currys raises profit outlook after Christmas sales rise

Electricals retailer Currys has raised its annual profit outlook after reporting a 2% rise in underlying sales for the Christmas trading period, with strong demand for mobile phones, gaming and computing offsetting weaker trends in TVs.

Business • 15 Jan

Currys said today that trading since the end of its first half has been consistent with the board's expectations

Currys warns price rises inevitable after UK budget

Electricals retailer Currys has today added its voice to a chorus of corporate criticism of the new UK government's tax rises, saying price rises were inevitable, but it kept its forecast for annual profit growth.

Business • 12 Dec 24

Currys said it is on track for profit growth in the current financial year

Electricals chain Currys boosted by Euros soccer

British electricals retailer Currys' underlying sales in its biggest market, the UK and Ireland, rose 5% in the past four months, driven by demand for televisions during the Euro 2024 soccer tournament and interest in AI computing gadgets.

Business • 05 Sep 24

Currys said made an adjusted profit before tax of £118m in the year to April 27

Currys sees more profit growth as AI gadgets arrive

Electricals retailer Currys, a takeover target earlier this year, forecast AI-powered gadgets would help to deliver another year of profit growth after a 10% rise in 2023-24 that reflected a steady improvement in trading.

Business • 27 Jun 24

Currys has raised its annual profit forecast by around 10% today

Currys upgrades forecasts as sales return to growth

Electricals retailer Currys, which rejected a takeover offer earlier this year, raised its annual profit forecast by around 10% today after sales returned to growth in both its UK and Ireland unit and in the Nordic region.

Business • 14 May 24

Currys is one of the biggest technology and appliance retailers in Ireland and the UK

JD.com declines to make bid for retailer Currys

Chinese online retailer JD.com has said it would not make an offer for British electricals group Currys, days after US investor Elliott Advisors walked away from tabling a bid.

Business • 15 Mar 24

US investor Elliott Advisors said today it does not intend to make an offer for Currys

US investor Elliott says won't make offer for Currys

US investor Elliott Advisors does not intend to make an offer for Currys, saying the board of the electricals retailer would not engage with it.

Business • 11 Mar 24

Public Power Corporation has been cleared by Greece's competition regulator to buy Currys' Kotsovolos unit

Currys says Greek disposal will complete in April

Currys, the British electricals retailer at the centre of a potential takeover battle, said today a deal to sell its Greek unit would complete in the first half of April after it was given the go-ahead by authorities there.

Business • 08 Mar 24

Analysts have said the low valuation of Currys has triggered interest in the company

Currys rejects higher bid from US suitor - source

Currys has rejected an improved £750m bid from US suitor activist investor Elliot Advisors, according to a person with knowledge of the situation, fuelling hopes of a takeover battle for the electricals group.

Business • 27 Feb 24

Chinese e-commerce group JD.com confirmed today that it was looking at Currys

Currys soars after China's JD.com joins takeover battle

China's JD.com said it was evaluating a takeover of Currys, sending shares in the electricals retailer soaring, and laying the ground for a bidding war after the group rejected a rival £700m deal.

Business • 19 Feb 24

Currys has today posted pretax loss of £16m for the six months to October 28

Currys sticks to guidance after first-half loss

Electricals retailer Currys has today stuck to its annual guidance as it reported a first-half loss in line with last year, hurt by a subdued market for discretionary spending and particular weakness in its Nordics business.

Business • 14 Dec 23

Currys is selling its Greek business Kotsovolos to Public Power Corporation

Currys to exit Greece with £175m Kotsovolos sale

Electricals retailer Currys said it will exit Greece after agreeing to sell its Kotsovolos unit to Greek power utility Public Power Corporation for an enterprise value of £175m.

Business • 03 Nov 23

Currys in Jue announced it would start a strategic review to evaluate all options for the business

Currys Greek business gets offers from potential buyers

British electricals retailer Currys said today said it had received non-binding offers from several potential buyers for its Greek business Kotsovolos, which it is reviewing.

Business • 10 Oct 23

Currys today reported a 2% fall in underlying sales in its UK and Ireland market and an 8% fall in sales in its Nordic unit

Currys sticks to its full year guidance

British electricals retailer Currys has stuck to annual guidance as it reported falling sales in most markets for the four months to the end of August, but said UK trends were improving despite ongoing challenges in the Nordics.

Business • 07 Sep 23

Currys said today it would not pay a final dividend as the economic outlook in its main markets remained uncertain

Currys profit weighed down by weak Nordics unit

British electricals retailer Currys said today it is not paying a final dividend and would be prudent in its planning as it is concerned about the economic outlook in its main markets.

Business • 06 Jul 23

Currys had lowered its guidance in March due to the weak performance of its Nordics business

Currys raises profit outlook on improved trading

Electricals retailer Currys has raised its profit outlook for 2022-23 after better-than-expected trading in its home market in the final two months of the year.

Business • 15 May 23

Currys said its like-for-like revenue in its UK & Ireland business fell 5% in the ten weeks to January 7 compared to the previous year

Currys keeps profit guidance despite Nordics hit

Electricals retailer Currys has today reported a further deterioration in trading at its Nordics business over the Christmas period but kept its recently downgraded financial guidance for its full year.

Business • 18 Jan 23

Currys said its adjusted pre-tax loss was £17m in the six months ended October 29, compared to a profit of £48m a year earlier

Currys cuts annual profit outlook after half-year loss

British electricals retailer Currys cut its annual profit outlook today after reporting a half-year loss, weighed down by its international markets as a deepening cost-of-living crisis forces customers to cut down on spending.

Business • 15 Dec 22

Currys said today it expected the new financial year to be difficult due to uncertain consumer spending

Currys warns of lower profit on uncertain consumer mood

Electricals retailer Currys has today beaten annual profit expectations, sending its shares up 10%, and said it would cap prices of dozens of products to win market share as consumers cut spending.

Business • 07 Jul 22

Currys said like-for-like revenue fell 5% in the 10 weeks to January 8 on an annual basis

Currys trims profit guidance on 'challenging' Christmas

Electricals retailer Currys has today trimmed its full-year profit guidance after what it called a "challenging" technology market at Christmas with uneven customer demand and supply disruption.

Business • 14 Jan 22

Currys was formerly known as Dixons Carphone

Currys announces share buyback on robust sales

Currys, the electricals retailer formerly known as Dixons Carphone, announced a £75m share buyback today after group organic sales jumped 15% on two years ago, driven by demand for tech products.

Business • 04 Nov 21