Currys doubles dividend and launches £50M buyback as profits rise 18% in line with guidance

Currys reported an 18% increase in adjusted pre-tax profit to £191 million for the year ending May 2, with revenue up 6% to £9.25 billion, meeting previous guidance. The company doubled its dividend and announced a new £50 million share buyback program. CEO Alex Baldock, who will leave next month, described early trading in the new financial year as "very solid" and the board remains confident in market expectations despite economic uncertainties. This strong performance and shareholder returns signal confidence in Currys' growth prospects amid ongoing macroeconomic challenges.