Currys shares climb 10% as retailer battles inflationary costs in UK and Ireland

Currys CEO Alex Baldock said the business is well-positioned to weather any storm.

Shares in Currys soared 10% as the electricals retailer told investors it was for the most part keeping a lid on inflationary costs and that trading was so far holding up before Christmas. 

The retailer operates a total of 815 stores in eight territories, including 23 outlets across Ireland north and south. It posted a pre-tax loss of £16m (€18.6m) in the first six months to late October and said sales since that time were as expected given the cost-of-living squeeze on its customers.