From Morningstar: 2024-09-06 06:53:00

Currys, the UK electronics provider, saw its profits rise by 10% at the end of June. Despite this, the company will not reinstate its dividend after scrapping it last year due to a swing to an annual loss of £450 million. Currys agreed to sell its Greek business for £175 million to focus on bigger markets like the UK and Nordics.

Although US investment group Elliot Management abandoned takeover attempts of Currys, Chinese ecommerce giant JD.com is considering a bid. Currys’ shares are currently trading at around 80p, with a year-to-date increase of over 61% but a five-year loss of over 30% in value.



Read more at Morningstar: Dividend Watch: Still no Dividend For Currys Stock…