Electrical
The latest news, updates and analysis on the electronic goods segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Jun- 2023 -14 June
Marks Electrical posts record revenues of £97.8m
Marks Electrical has posted record revenues of £97.8m for the year ended 31 March 2023, compared with £80.5m in FY22.…
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May- 2023 -15 May
Currys raises guidance after ‘better than expected results’
Electronics retailer Currys has increased its profit guidance to between £110-120m for the year ended 29 April 2023. The retailer…
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5 May
Apple’s revenue recovers amid March iPhone sales boost
Apple has revealed that March iPhone sales have set an all-time high record in its service division, as revenue for…
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3 May
Dyson seeks permission for £100m research centre in Bristol
Dyson plans to invest £100m in a new research and development building opposite Castle Park, close to Bristol Bridge, which…
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Apr- 2023 -12 April
Marks Electrical revenues up 21.5%
Marks Electrical has seen its FY revenues jump 21.5% to £97.8m, up from £80.5m, for the 12 months ended 31…
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Mar- 2023 -22 March
Currys raises staff pay for fourth time in 18 months
Currys has announced an additional rise for hourly paid store colleagues in the UK from £10.35 per hour to £10.50,…
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8 March
MusicMagpie FY profits fall despite record Black Friday sales
MusicMagpie has seen its profits fall by 14% from £44m to £38m in FY22 despite record sales on the week…
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Feb- 2023 -28 February
AO ups FY guidance amid improved margins
Online electrical retailer AO now expects its adjusted EBITDA to be in a range of £37.5m to £45m for the…
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Jan- 2023 -10 January
AO raises profit outlook despite 17% drop in Q3 revenues
Electronics retailer AO has raised its profit expectations for FY23 despite seeing a 17.2% decrease in revenues across its UK…
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Dec- 2022 -15 December
Currys falls to pre-tax loss of £17m in H1
Currys has fallen to a pre-tax loss of £17m for the half year ended 29 October 2022, down from profits…
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