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Currys’ profits set to land ahead of guidance


By Dan McGrath

Currys has stated that its adjusted profit before tax is set to be ahead of its guidance of £180m to £190m in the year to 2 May, growing by 18% year-on-year to £191m.

The technology products and services retailer reported that in this period, its group like-for-like sales are set to increase by 4% in the full-year


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Monzo reaches £1bn in gross profit for first time

Monzo has reported a gross profit of £1bn for the first time, while its revenue jumped by 39% year-on-year to £1.7bn

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M&S profits slide after cyber attack

Marks & Spencer (M&S) has revealed that its adjusted pre-tax profits fell by 23.8% to £671.4m in the year to 28 March, due to disruption from a major cyber attack which halted online clothing sales last year

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Dr Martens records 61% profit increase in FY26

Dr Martens has reached an adjusted profit before tax of £55m in the year to 29 March, marking a 61.3% annual reported increase

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British Gas agrees to pay £20m after prepayment meters investigation

British Gas has agreed to pay £20m into the energy regulator Ofgem’s voluntary redress fund, following an investigation into the company’s installation of prepayment meters.

The investigation followed issues identified in 2023, covering activity between February 2018 and February 2023, and was resolved with the regulator through alternative action

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Abbey Life pension scheme secures £200m buy-in with Standard Life

The Abbey Life Assurance Company Limited Staff Pension Scheme has completed a £200m buy-in with Standard Life, which is also the scheme sponsor, securing the benefits of more than 1,500 members

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ITV still discussing sale of M&E arm with Sky

ITV has confirmed it remains in “active discussions” with Sky over a possible sale of its media and entertainment (M&E) division

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Cazenove Capital announces expanded partnership with Blue Earth

Schroders’ wealth management business in the UK, Cazenove Capital, has announced a three-year strategic partnership with Blue Earth

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Anglo American to sell steelmaking coal business for $3.87bn

Anglo American has agreed to sell its portfolio of steelmaking coal mines in Australia to the UK-registered mining company, Dhilmar, for $3.87bn

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FRP Advisory expects 16% revenue growth in FY26

FRP Advisory has stated that it expects to report at least £176m in revenue in FY26, marking a 16% year-on-year increase

Capita shares jump as it makes ‘good progress’

Shares in Capita increased by over 8% after it reported "good progress across all strategic priorities"
Aviva reports 19% jump in GI premiums

Aviva has reported a 19% increase in general insurance (GI) premiums in Q1, totalling £3.4bn, a figure up from £2.9bn in the opening quarter of last year
Burberry’s weaker EMEA performance hits share price

Shares in Burberry dropped by over 6% after the firm reported a 2.5% drop in its revenue in Europe and the Middle East to £821m in the year to 28 March
Babcock reports revenue growth despite £140m profit hit

Babcock International has reported a jump in revenue to £5.27bn in its latest annual results, despite the defence contractor taking a £140m hit to its profits from a recurring charge on its Type 31 contract

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