Currys raises profit outlook despite cost pressures

Currys CEO Alex Baldock said while consumers were 'still pretty hard-pressed', there had been a rise in spending in the past couple of months

Currys said it expected to end the year with net debt of about £100m, versus previous guidance of up to £150m. Pic: Thomas Ash

Electricals retailer Currys boosts hopes for pick-up, as UK and Ireland sales bear expectations, the company said in update.

Shares jumped more than 6% in early trading but remain down 33% over the last year, as consumers grappling with a cost-of-living crisis have avoided some so-called big-ticket items such as televisions and computers.