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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Retail

Currys keen to show improvement after bid talk

After a bit of bid excitement easier in the year, it’s back to self-help measures at electrical retailer Currys and the plans seem to be working.

Shares are currently around 77p, a level not seen for more than a year.

Whether that reflects the prospect of a bidder returning is not clear, but irrespective of that Currys management has been making the right noises.

A trading update last month reported better momentum in the Nordics and lower net interest costs.

After that, consensus forecasts for the full year are tightly bunched at around £118 million of profit with the improving Nordics balanced by a flat UK.

Interest costs are also worth keeping an eye on as Currys’ balance sheet steadily improves.

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