Currys CEO cites cost pressures but reports revenue growth, driven by AI product demand.

Currys Group CEO Alex Baldock announced that price hikes are necessary due to increased costs from the UK's autumn Budget, including National Insurance and minimum wage increases. Despite these challenges, Currys reported a 1% rise in half-year group revenues to £3.92 billion and a 5% increase in UK revenues. The company expects to grow profits and cash flow this year, driven by strong demand for AI-related products before Christmas. Shares rose 9% on strong sales and a growing B2B business.

4 months ago
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