Currys shares jump on trading update a month after retailer rejected unwanted takeover offer

Electricals retailer said demand for fridges, washing machines, and computers pushed underlying sales up 2% in the first four months of the year in both its UK and Ireland business and the Nordics region

The group's upgraded guidance puts it on track to deliver a result in line with last year's outcome, even without the extra income from its Greek business which it sold earlier this year.

Electricals retailer Currys, which rejected a takeover offer earlier this year, raised its annual profit forecast by about 10% after sales returned to growth, boosting its shares.

The stock jumped 9% to 71 pence in early deals hitting levels last seen in March 2023.