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 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 91.12p on Wednesday, having surged more than 90 per cent in the last year.