UK’s Currys falls after Baldock exit; net cash forecast misses estimates

Currys

26/03/2026 08:55

** Shares of British electricals retailer Currys CURY.L down 8.6% at 119.4 pence

** Stock at the bottom of FTSE mid cap index .FTMC, which is down 0.9%

** Co says Alex Baldock has stepped down as group chief executive

** "Baldock steps down at a time when Currys has never been in better shape," say Panmure Liberum analysts

** For year ending May 2, 2026, co expects net cash to exceed 100 mln pounds ($133.45 mln), below Panmure Liberum’s estimate of 120 mln pounds

** CURY down ~5.31% YTD

($1 = 0.7493 pounds)

 (Reporting by Megha Kumari)

 ((Megha.Kumari@thomsonreuters.com;))