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Currys plc
DSITFConsumer CyclicalOTCGB
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Currys PLC (LSE:CURY) opting to promote Fredrik Tønnesen from within its Nordic division is a sensible move, analysts said, even if it did not get much of a share price reaction. Rather than go for a change of direction, the electricals retailer's decision suggests the board believes the turnaround engineered by Alex Baldock remains unfinished, but firmly on the right track.
Currys PLC (LSE:CURY) has promoted Fredrik Tønnesen, a former sales assistant and most recently the head of its Nordic business, to succeed Alex Baldock as group chief executive as the electricals retailer looks to build on a recent recovery in trading and profits. Tønnesen, 44, will take over on 3 August after rising through a series of senior management roles over more than two decades with the company.
Currys PLC (LSE:CURY) expects annual profits to come in ahead of guidance after strong trading in both the UK and Nordic markets helped it gain market share. The FTSE 250 electricals retailer said adjusted pre-tax profit for the year to 2 May is expected to be about £191 million, up 18% on the previous year and ahead of recently indicated guidance of £180-190 million.
Canadian Tire (OTCMKTS:CDNAF - Get Free Report) and Currys (OTCMKTS:DSITF - Get Free Report) are both consumer cyclical companies, but which is the better stock? We will compare the two businesses based on the strength of their earnings, dividends, risk, profitability, institutional ownership, valuation and analyst recommendations. Analyst Ratings This is a breakdown of recent
Currys PLC (LSE:CURY) chief executive Alex Baldock is leaving after eight years in the role, to take up a new position elsewhere. The FTSE 250 electricals retailer said it would begin a formal search for his successor, with Baldock remaining in post to ensure a smooth handover.
