"Currys reports underlying sales up 2% for Christmas 2024 trading period" was originally created and published by Retail Insight Network, a GlobalData owned brand.

Currys said it expected profit for fiscal 2025 to beat market expectations and that it would restart paying dividends following a robust Christmas period.

British electricals retailer Currys raised its annual profit outlook after reporting a 2% rise in underlying sales for the Christmas trading period, with strong demand for mobile phones, gaming and computing offsetting weaker trends in TVs.

Currys raised full-year profit guidance on Wednesday after the electricals retailer reported a 2% rise in UK and Ireland underlying sales as consumers bought more AI laptops and mobile phones during the Christmas and Black Friday period.

Currys has upped its annual profit outlook after reporting a 2 per cent increase in underlying sales for the key Black Friday and Christmas trading period. Currys shares rose 11.12 per cent or 9.12p to 91.