Currys lifts FY guidance as trading improves

(Sharecast News) - UK electrical retailer Currys lifted guidance as it reported stronger-than-expected sales since the busy Christmas period. The company, which also confirmed that it no longer faced takeover threats from Elliott Advisors and China's JD.com, said pre-tax profit was now expected to be at least £115m, compared with previous guidance of £105-115m and would start the year with positive net cash.

Reporting by Frank Prenesti for Sharecast.com