Retailer Currys sticks to guidance after first-half loss

Like-for-like sales fell 4%, with the UK & Ireland down 3% and the Nordics down 6%

Currys said trading since the period end had been consistent with the board's expectations.

Electricals retailer Currys on Thursday stuck to its annual guidance as it reported a first-half loss in line with last year, hurt by a subdued market for discretionary spending and particular weakness in the Nordics market.

The seller of cookers, fridges, washing machines, TVs, computers and mobile phones had already warned that the outlook for its 2023/24 year would be tough as consumers across Europe grapple with persistent inflation and high borrowing costs.