In a statement published today on the London Stock Exchange, Elliott said the decision was made after several failed attempts to engage with the retailer’s board.

In a statement it said: “Elliott Advisors (UK) Limited, acting on behalf of the funds it advises confirms that, following multiple attempts to engage with Currys’ board, all of which were rejected, it is not in an informed position to make an improved offer for Currys on the basis of the public information available to it.