Currys sees profits rise but it warns of “inevitable price rises” due to the Budget
Currys has recorded improved sales and profits but warned of the consequences of the new government’s Budget, which it described as “unwelcome headwinds”.
The retailer held its guidance and said it continued to expect growth in profits and free cash flow for the year, however, chief executive Alex Baldock said that the latest government policy would: “add cost quickly and materially, depress investment and hiring, boost automation and offshoring, and make some price rises inevitable”
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