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Baldock leaving Currys on a high with annual profits up 18%


By Goran Nastic

Currys has posted solid numbers for the year ended 2 May, its final set of results under outgoing CEO Alex Baldock.

The electricals retailer reported an 18% rise in pre-tax profit of £191m for the year to 2 May, as revenue increased 6% to £9.25bn


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Genel agrees £271m takeover of Capricorn Energy

Genel Energy has agreed to acquire Capricorn Energy in a recommended cash deal worth around £271m

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Halma acquires two European medtech firms for £54m

Halma has announced that it has acquired two medtech firms for £54m, which will be bolted on to its healthcare companies, SSG and IZI Medical

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Sugar doesn't taste so sweet for ABF

Primark owner Associated British Foods (ABF) has cut expectations for its sugar division after a fall in Q3 sales weighed down on results and deeper losses expected for the year ahead.

Sugar remained the key pressure point. Sales fell 4% in the quarter and the sugar division is now expected to report a wider full-year loss of between £25m and £60m on lower average selling prices

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Topps Tiles issues profit warning following heatwave

Topps Tiles has seen its revenue fall below its forecast in Q3, after the recent heatwave caused temporary work stoppages among housebuilders and traders

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Sainsbury’s Q1 growth slows, but maintains profit outlook

Sainsbury’s reported a stronger start to its financial year as grocery sales growth and continued market share gains helped lift Q1 revenue.

Revenue rose 2.7% to £9.2bn in the 16 weeks to 20 June, with retail sales excluding fuel also up 2.7% and like-for-like sales increasing 2.1%, versus 4.7% in last year’s comparative period

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BT and Verizon announce international JV

BT and Verizon, the largest telecommunications firms in the UK and US, have agreed to combine their international enterprise operations in a 50:50 joint venture, creating a $4bn global connectivity business aimed at meeting rising demand for cloud and AI-enabled services.

The news briefly saw BT top the FTSE 100 in today's trading

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Majority of CFOs believe firms are too slow to modernise payments

Over four in five (82%) UK wholesale CFOs have said that their organisation has been too slow to modernise payments, Corpay has found

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Barclays buys Canary Wharf HQ in £750m deal

Barclays has acquired a long-term leasehold interest in its global headquarters at One Churchill Place in Canary Wharf for £750m, securing control of the site beyond the expiry of its current lease in 2039

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Bridgepoint acquires Kayne Anderson Real Estate for $1.39bn

Bridgepoint has announced that it will acquire the US firm, Kayne Anderson Real Estate, for approximately $1.39bn.

Greggs names Bakkavor veteran as CFO successor

Food retailer Greggs has appointed former Bakkavor executive Ben Waldron as its next CFO, succeeding long-serving finance chief Richard Hutton, who will retire at the end of 2026 after 28 years with the company
Saga shares jump as it trades in line with expectations

Shares in Saga increased by almost 10% earlier today after the products and services provider for those aged 50+ stated that it has traded in line with expectations in the first four months of its financial year
AB Dynamics appoints new group CFO

Edward Haycock has been appointed as group CFO at the designer, manufacturer and supplier of advanced testing, simulation and measurement products, AB Dynamics


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