All Electricals articles – Page 7
-
AnalysisHow Currys became one of the UK’s most productive retailers
Currys has leapfrogged into the top five in a ranking of The UK’s Top 30 Most Productive Retailers, according to new exclusive data.
-
AnalysisWhat does Currys’ and AO’s raised profit guidance tell us about the struggling electricals sector?
Both AO and Currys have posted impromptu profit upgrades ahead of their full-year updates this spring. Given that the electricals market has been floundering, what do the recent profit announcements tell us about the future of the sector?
-
NewsAO boss calls on UK government to fix ‘broken’ youth services
AO founder and chief executive John Roberts has called on the government to fix the UK’s “broken” youth services by spending £1bn a year on youth provision over the next decade.
-
NewsAO hails ‘good momentum’ as it expects to hit profit guidance
Electricals retailer AO said today it expects to hit its previously pledged profit guidance and surpass £1bn in sales for the full year.
-
AnalysisWhere does the collapse of bid interest leave Currys?
Currys today banished any disappointment at the collapse of bid interest by raising profit forecasts for the second time this year. As talk of a potential sale cools, what next for the electricals giant?
-
NewsCurrys ups profit guidance after potential bidders walk away
Currys has upped its full-year profit guidance after it confirmed reports that both JD.com and Elliott Advisors had walked away from making potential bids to buy the retailer.
-
NewsJD.com walks away from Currys takeover bid
Chinese ecommerce retailer JD.com has abandoned its plans to put in a formal bid to takeover Currys.
-
NewsMusic Magpie 'confident' despite decline in profit and revenue
Music Magpie has reported a decline in overall revenue and profit for the year ending November 30, 2023.
-
NewsElliott Advisors abandons Currys takeover plans
US investment firm Elliott Advisors has confirmed it is abandoning takeover plans for electricals retailer Currys.
-
NewsCurrys completes sale of its Greek business Kotsovolos
Currys has completed the sale of its Greek business Kotsovolos after first entering a deal with Greek electricity supplier Public Power Corporation (PPC) in November last year.
-
NewsCurrys launches new Fortnite game to help zap electronic waste
Currys has launched its first-ever game created in Fortnite to inspire Gen Z users to limit their electronic waste.
-
NewsCurrys invests a further £13m in staff pay
Currys is investing a further £13m in colleague pay, which will see all hourly paid staff receiving a higher hourly rate and bonuses.
-
NewsCurrys rejects second takeover proposal from Elliott Advisors
Currys has rejected a second takeover proposal from US investment firm Elliott Advisors because its increased offer still undervalues the company.
-
NewsAO director says negative reviews drive better ‘everyday business decisions’
AO’s director of consumer and brand Vicky Monk said negative reviews drive the company to “be better” and make “everyday business decisions” as it reached 500,000 reviews on Trustpilot.
-
Opinion‘Currys shareholders should hold out for a valuation that reflects long-term prospects’
For pretty much as long as China’s economic star has been in the ascendant, there has been speculation that one of its new generation of digital retail powerhouses might move to swoop on a venerable UK name.
-
NewsLargest Currys shareholder warns of ‘problem’ in UK equity market
Currys’ largest shareholder Redwheel has supported the board’s decision to reject an initial offer from Elliott Advisors and said the offer “highlighted a wider problem with the UK equity market”.
-
NewsMike Ashley could play kingmaker in Currys deal
Retail tycoon Mike Ashley could be set to play a pivotal role in the Currys bidding war after buying up shares last year.
-
AnalysisAs JD.com and Elliott eye a potential takeover, what does the future hold for Currys?
The starting gun has well and truly been fired in the race for a takeover of UK electricals retailer Currys, with reports emerging that US investment firm Elliott and Chinese ecommerce giant JD.com are both mulling bids
-
NewsCurrys rejects ‘significantly undervalued’ takeover proposal
Currys has rejected a takeover proposal by US investment firm and owner of Waterstones Elliott Advisors as it “significantly undervalued” the company.
-
NewsAO saves 70 jobs through buying mobile phone retailer
Online electricals retailer AO has acquired some assets of the mobile phone retailer A1 Comms, saving 73 jobs in the process.