ReutersReuters

UK's Currys tops FTSE 250 on higher FY profit expectations

RefinitivLess than 1 min read

** Shares of Currys PLC CURY rise as much as 17.1% to 104.2p

** Stock on track for best day since December 2024, if prices hold

** Stock is top gainer on FTSE mid-cap index MCX

** British electricals retailer says adj. profit before tax for 2024/25 year expected to be 160 million pounds ($209.7 mln), higher than previous guidance of 145 million - 155 million pounds

** CURY also expects to finish the year with a strong net cash position; trading has been robust since early January

** Other retailers like Tesco TSCO and Sainsbury SBRY are up between 1.1 - 1.4%

** Stock has fallen ~6.31% so far this year

($1 = 0.76 pounds)

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