Elliott confirms bid approach for UK retailer Currys
19th Feb 2024 07:02
(Sharecast News) - Shares in Currys surged more than 35% on Monday after US private equity firm Elliott Advisors and China ecommerce giant JD.com on Monday confirmed they were considering separate bids for struggling British electrical retailer.
Read moreSunday newspaper round-up: Currys, Barclays, Homebuilders
18th Feb 2024 23:26
(Sharecast News) - China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. - Sunday Telegraph
Read moreLondon close: Stocks manage gains after deluge of updates
18th Jan 2024 15:14
(Sharecast News) - London's stock markets managed a positive finish amid subdued trading activity on Thursday, with investors digesting a plethora of corporate news.
Read moreCurrys full-year profit to beat expectations
18th Jan 2024 07:38
(Sharecast News) - Electricals retailer Currys said on Thursday that full-year profit was set to be ahead of consensus expectations despite reporting a drop in sales.
Read moreCurrys full-year profit to beat expectations
18th Jan 2024 07:38
(Sharecast News) - Electricals retailer Currys said on Thursday that full-year profit was set to be ahead of consensus expectations despite reporting a drop in sales.
Read moreBerenberg nudges up target price on Currys following interims
15th Dec 2023 16:00
(Sharecast News) - Analysts at Berenberg nudged up their target price on electrical retailer Currys from 62.0p to 64.0p on Friday, stating cost control had delivered margin progression.
Read moreLondon close: Stocks rise as BoE keeps rates on hold
14th Dec 2023 16:40
(Sharecast News) - London stocks closed higher on Thursday after the Bank of England maintained interest rates at lunchtime, as anticipated.
Read moreCurrys narrows H1 losses; Nordics recovery on track
14th Dec 2023 07:01
(Sharecast News) - Electrical retailer Currys held annual guidance as interim losses narrowed and its Nordics unit reported an improvement in gross margins, although sales fell 4% as consumers cut back on discretionary spending.
Read moreRBC Capital lifts Currys to 'outperform'
20th Nov 2023 07:25
(Sharecast News) - RBC Capital Markets upgraded Currys on Monday to 'outperform' from 'sector perform' and lifted the price target to 70p from 60p as it said it was "becoming investable again".
Read moreCurrys has major upside after European disposal, says Liberum
3rd Nov 2023 11:24
(Sharecast News) - Liberum has reiterated its 'buy' recommendation on Currys, saying that the €200m sale price of its Greek and Cypriot operations is an "excellent outcome" for the consumer electronics retailer.
Read moreCurrys offloads Kotsovolos to shift focus back to UK, Ireland and Nordics
3rd Nov 2023 07:07
(Sharecast News) - Consumer electronics retailer Currys is selling its entire Greek and Cypriot division for €200 million (£175m) in a move which it says will simplify its business model and pay down its pension deficit.
Read moreCurrys evaluating non-binding offers for Greek business
10th Oct 2023 07:29
(Sharecast News) - Electricals retailer Currys said on Tuesday that it has received interest from several potential buyers for its Greek business, Kotsovolos.
Read moreDirector dealings: Currys non-exec invests, Caledonia CEO covers tax bill
20th Sep 2023 12:14
(Sharecast News) - Currys was on the list of director purchases on Wednesday after its deputy non-executive chair picked up almost £0.1m of shares.
Read moreSales decline eases at Currys, but Nordics still a drag
7th Sep 2023 07:38
(Sharecast News) - Electrical retailer Currys saw its sales decline ease slightly in the first quarter but noted a continuing "challenging" trading environment, especially within its Nordics division.
Read moreDirector dealings: Currys chair invests, M&S board members cover tax liabilities
7th Jul 2023 13:49
(Sharecast News) - Currys was again on the list of director buys on Friday, after the chair of its board purchased almost 0.2m shares.
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