Currys: Shares dip despite interest rates helping sales at retailer Retail Electrical retailer Currys has reported a jump in profit after sales jumped thanks in part to a boost from lower interest costs. In a trading update on Wednesday, the firm said it expects pre-tax profit to come in at £162m, up 37 per cent year-on-year. Previous guidance had indicated profit for the period ending May [...]
Plans for £1bn battery gigafactory and over 1,000 new jobs revealed Energy Plans to create a £1bn 10GWh battery gigafactory in Coventry which will create over 1,000 jobs by 2030 have been revealed. Volklec, a battery manufacturing start-up which set up shop in the West Midlands city last year, has entered into an exclusive license agreement with China-based Far East Battery (FEB). The deal will see Volklec [...]
Electrical supplier AO World sees profit skyrocket Business Shares in AO World have jumped after the white goods electrical supplier revealed its profit had surged during its latest financial year.