Currys raises profit forecast after takeover bids fail

Last week Currys rejected a £757m takeover bid from a US investment firm. 

After rejecting a number of takeover bids in recent weeks, electronics retailer Currys raised its profit forecast for this financial year on the back of stronger than expected recent sales.

On Friday, China-based online retailer JD.com said it would not make an offer to buy Currys. It came just days after US investment fund Elliot Advisors walked away when its £757m (€887m) bid for the company was rejected.