Currys gets green light for sale of Greek business
8th Mar 2024 07:02
(Sharecast News) - Currys said regulators had approved the sale of its Greek and Cypriot retail business Kotsovolos to Public Power Corporation for an enterprise value of €200m (£175m).
Read moreJO Hambro fund urges Currys to accept £1bn takeover valuation
5th Mar 2024 14:24
(Sharecast News) - A shareholder of Currys was urging the company to seriously consider a takeover bid valuing the electricals retailer at over £1bn, it emerged on Tuesday.
Read moreLondon close: Stocks little changed as investors look to US data
27th Feb 2024 16:05
(Sharecast News) - London's equity markets closed with a subdued performance on Tuesday, after a mixed but largely flat session trend as investors exercised caution ahead of US inflation figures later in the week.
Read moreElliott Advisors said to have sweetened offer for Currys to £750m
27th Feb 2024 11:42
(Sharecast News) - Currys confirmed on Tuesday that it had received and rejected a sweetened takeover approach from US investment firm Elliott Advisors.
Read moreElliott Advisors said to have sweetened offer for Currys to £750m
27th Feb 2024 11:42
(Sharecast News) - Investment firm Elliott Advisors has reportedly returned with a second offer for electricals retailer Currys amid investor hopes of a rare bidding war for a London-listed company.
Read moreLondon close: Stocks manage gains on globally quiet day
19th Feb 2024 15:59
(Sharecast News) - London's financial markets finished in positive territory on Monday, with stocks closing in the green after overcoming minor losses earlier in the session.
Read moreElliott 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".
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