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Pin to quick picksCurrys Share News (CURY)

Share Price Information for Currys (CURY)

London Stock Exchange
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Share Price: 70.95
Bid: 70.15
Ask: 70.55
Change: 0.45 (0.64%)
Spread: 0.40 (0.57%)
Open: 69.85
High: 71.75
Low: 69.35
Prev. Close: 70.50
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Sunday share tips: Jersey Oil&Gas, Currys

Sun, 30th Apr 2023 15:38

(Sharecast News) - The Financial Mail on Sunday's Midas column recommended investors buy shares of Jersey Oil&Gas

Focused on the North Sea Buchan field and others in the area, the outfit was in the process of finding investors to help finance the former.

Earlier in April it clinched a deal with NEO Energy, which is backed by a £7bn Norwegian investment firm and which took a 50% stake in the Buchan field.

Jersey is now looking to find investors to whom to sell another 30% interest in the field.

The field was estimated to hold nearly 100m barrels of oil or some 30,000 barrels a day worth of crude oil production.

"Hopes are high, as the field is well known and several North Sea operators have already expressed their interest," Midas said.

The company also stood to benefit from government subsidies for investments in the North Sea which could allow it to skirt the existing energy levy thanks to a substantial tax break.

Furthermore, new oil supplies were expected to fall dramatically over the next decade, while consumption was not expected to do the same, Midas pointed out.

"With decades of experience and a clear plan for the future, [Jersey Oil&Gas boos, Andrew] Benitz, should deliver results. At £2.45, JOG is a buy."

Shares of Currys may be a bargain at current levels, the Sunday Times's Lucy Tobin said.

The shares halved in value at the onset of the Covid-19 pandemic as part of the market bet against its future. They had since kept on falling.

But the electrical goods retailer had reduced its debt pile by nearly two-thirds and the shares were trading a third cheaper than its historic levels.

And its upcoming trading update might deliver a pleasant surprise, she said.

Its UK business had seen its gross margins grow thanks to increased sales of its service add-ons, including credit, insurance and repairs.

Management had also slashed £300m from its costs thanks to improvements in its supply chains and IT systems.

According to Liberum analyst, Adam Tomlinson, that could stand the company in good stead once consumer confidence grew and sales began to improve.

Pessimism around its Nordic operations may also be excessive, Tomlinson said.

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29 Jun 2023 16:57

LONDON MARKET CLOSE: FTSE 100 underwhelms as utilities decline

(Alliance News) - London's FTSE 100 underperformed again on Thursday, with share price falls for utility stocks and retailer B&M leading the index lower, though peers in Europe largely shook off recent hawkish comments from central bankers.

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29 Jun 2023 15:48

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Solid State PLCFull Year Results
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AO World PLCFull Year Results
Quiz PLCFull Year Results
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Rockwood Strategic PLCTrading Statement
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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26 Jun 2023 12:20

Frasers Group lifts stakes in AO World, Currys

(Sharecast News) - Mike Ashley's Frasers Group has increased its stake in electrical retailer AO World for a third time to more than 22% and also lifted its stake in rival Currys, according to stock exchange filings on Monday,

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20 Jun 2023 16:55

LONDON MARKET CLOSE: Stocks lower with eyes on UK inflation numbers

(Alliance News) - Stocks in London closed in the red on Tuesday, with market nerves frayed ahead of the release of key UK inflation data on Wednesday morning.

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20 Jun 2023 12:18

LONDON MARKET MIDDAY: FTSE 100 treads water ahead of UK inflation, BoE

(Alliance News) - London's FTSE 100 was steady at midday Tuesday, as investors look ahead to risk events in the form of a UK inflation reading and a Bank of England interest rate decision later this week.

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20 Jun 2023 11:36

UPDATE: Frasers says boohoo, Currys stake buys part of growth strategy

(Alliance News) - Frasers Group PLC on Tuesday said it its acquisition of stakes in boohoo Group PLC and Currys PLC are part of a wider strategy of taking up "supportive shareholder positions in attractive retail companies".

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20 Jun 2023 10:53

Frasers snaps up Currys and boohoo stakes to add to AO World and Asos

(Alliance News) - Frasers Group PLC, having already dipped into fast fashion and electrical goods with stakes in Asos PLC and AO World PLC, continued its shopping spree in recent days.

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20 Jun 2023 09:58

TOP NEWS: Frasers shopping spree goes on as buys boohoo, Currys stakes

(Alliance News) - Frasers Group PLC continued its streak of buying up shares in UK retail outfits, with a regulatory filing showing it has taken up a position in online fashion firm boohoo group PLC.

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20 Jun 2023 08:30

Frasers Group takes 8.9% stake in Currys

(Sharecast News) - Mike Ashley's Frasers Group has taken stakes in electricals retailer Currys and online fashion retailer Boohoo.

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16 Jun 2023 07:54

LONDON BRIEFING: Tesco sales up; ITV mulls AllMedia3 acquisition

(Alliance News) - Stocks in London are called higher on Friday, as investors consider the week's central bank decisions, with the latest coming from Japan.

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16 Jun 2023 07:48

Currys launches strategic review of Greek company; contemplates sale

(Alliance News) - Currys PLC said on Friday that it was starting a strategic review of its Greek business Kotsovolos, which could potentially lead to a sale of the operations.

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16 Jun 2023 07:21

Currys considers sale of Greek business

(Sharecast News) - Electricals retailer Currys said on Friday that it is considering putting its Greek business Kotsovolos up for sale, as it kicks off a strategic review.

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8 Jun 2023 09:16

LONDON BROKER RATINGS: Citi likes Rio Tinto; JPMorgan raises Clarkson

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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24 May 2023 11:18

Currys Nordic subsidiaries being probed by European watchdog

(Sharecast News) - Electricals retailer Currys said on Wednesday that European competition regulators are investigating its Nordic subsidiaries.

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24 May 2023 10:08

IN BRIEF: Currys defiant as ESA announces competition rules probe

Currys PLC - London-based electronics and electrical goods retailer - Confirms that European Economic Area competition regulator ESA has informed Currys' subsidiaries Elkjop Nordic AS and Elkjop Norge AS that it is opening formal proceedings, to examine whether Elkjop has infringed EEA competition rules in Norway. Currys notes that this decision is procedural only and should not be taken to mean that Elkjop has infringed said competition rules.

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