Investors hope for news to boost under-pressure Currys shares

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The problem this time was brutal competition on the Nordic markets, where profits collapsed, although the ongoing normalisation in consumer spending on technology and gadgets in the wake of the pandemic posed a further challenge Russ Mould and Danni Hewson, AJ Bell It also raises £156 million after costs for the business, which might prove important as analysts start eyeing its balance sheet. “The problem this time was brutal competition on the Nordic markets, where profits collapsed, although the ongoing normalisation in consumer spending on technology and gadgets in the wake of the pandemic posed a further challenge,” Mr Mould and Ms Hewson said. “Profits in the UK and Ireland rose and held relatively firm in Greece.” There’s no magic wand here, consumers are struggling to justify as much discretionary spending on TVs and gadgets amidst a cost-of-living crisis Aarin Chiekrie, Hargreaves Lansdown Analysts expect revenue to fall from £9.5 billion to £9.0 billion in the full financial year. Hargreaves Lansdown equity analyst Aarin Chiekrie said: “There’s no magic wand here, consumers are struggling to justify as much discretionary spending on TVs and gadgets amidst a cost-of-living crisis.