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The Latest Breaking News from Alex Baldock

Currys’ boss ‘quite concerned’ over impact of chip supply shortages

Alex Baldock said the pressures on supply for chips caused by the rapid growth of the AI sector could result in price inflation.

Evening Standard

London jobs crisis: How the axe is falling on workers in shops, offices, pubs, factories and the City

Firms are being hit by higher taxes and growing wage bills

Evening Standard

Firms warn over impact of rising business costs from Government policies

Retailer Currys, pub group JD Wetherspoon and supermarket Morrisons became the latest to caution over the effects of business costs hikes.

Evening Standard

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London jobs crisis: Rachel Reeves has hit hiring and is driving posts abroad, warns Currys boss

Alex Baldock, chief executive of the technology giant, says the Chancellor has undermined the retail sector

Evening Standard

Currys cheers festive sales boost in face of cautious consumers ‘hoarding cash’

The electronics retailer raised its profit outlook for the year on the back of strengthening sales over its peak trading period.

Evening Standard

Currys boss urges government not to raise taxes on retailers

Alex Baldock says prices would increase further, as chain posts 37% rise in profits

The Guardian - UK

Retailers warn Chinese sellers ‘dumping’ goods on UK marketplaces

The boss of Currys said there are early signs that stock meant for the US is already being diverted to the UK.

Evening Standard

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Currys enjoys strong peak trading with AI laptops and premium mobiles driving sales

In its peak trading update, U.K. electrics retailer Currys, reported strong trading and an uplifted profit outlook.

Fortune

Currys turns to automation as national insurance change ‘depresses hiring’

CEO says electrical goods chain has no plans to cut jobs and that retail market ‘perked up’ over festive period

The Guardian - UK

Currys warns it will hire fewer staff due to Budget cost hit

The group said last month it was facing an extra £32 million in wage costs from Budget measures and that price rises would be ‘inevitable’.

Evening Standard

Currys warns Budget will lead to ‘inevitable’ price rises due to £32m of extra costs

The company joins other retailers and hospitality companies in complaining that Rachel Reeves’s budget in October will mean higher staffing costs

The Independent UK

Currys boss says price rises ‘inevitable’ due to Budget cost increases

Alex Baldock also warned that policies announced by the Chancellor in October will ‘depress investment and hiring’ plans.

Evening Standard

Alex Baldock: the Currys boss plugging into a more sustainable future

Covid and other crises took their toll, but the boss of the electricals chain says its thriving repair and recycling division is now pointing the way forward

The Guardian - UK

VAT should be cut on refurbished electricals, says Currys boss

Alex Baldock wants to keep gadgets out of landfill as UK’s largest electricals retailer embraces repair and reuse

The Guardian - UK

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The Guardian - UK

Currys looks to AI tech to drive growth as profits climb

Retailer says AI-enabled phones and computers helped pre-tax profits rise by 10% despite UK sales slide

Evening Standard

Strong Currys sales raise prospect of new bids

Two would-be buyers withdrew from the running to buy Currys last week, but analysts said new bids could emerge

The Guardian - UK

Currys boss: minimum wage hike shows government does not ‘care’ about retail

Planned 10% UK increase as business rates rise will put pressure on already overburdened industry, says Alex Baldock

The Guardian - UK

Currys shoppers cut back on smart speakers and laptops as inflation bites

Electricals retailer forecasts another tough year and says many customers are turning to credit

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The Guardian - UK

Currys sales improve as shoppers ‘chase deals’ with credit

Customers seek energy-saving tech, repair services and consumer finance deals to stretch budgets, says CEO

The Guardian - UK

Currys no longer flavour of the month in the Scando countries

It seems nothing is ever straightforward with the UK’s foremost electrical retailer

The Guardian - UK

Currys says more customers using credit in cost of living crunch

Some people trading down to cheaper models but others paying more for more energy-efficient items

Daily Mirror

Currys stops using Royal Mail to deliver due to strikes as its staff given 16% pay rise

Currys has stopped using Royal Mail for deliveries due to ongoing strikes as its chief executive confirmed staff have been given a 16% pay rise

The Independent UK

Currys drops Royal Mail over strike action

The retailer confirmed he move as Royal Mail prepares for multiple strikes across December

The Guardian - UK

Currys drops Royal Mail ‘for now’ as strikes threaten deliveries

Retailer says its responsibility is to ensure customers ‘get hold of their technology’ for Christmas

Evening Standard

Cut rates to save high street, Currys says to new Chancellor Nadhim Zahawi

The new chancellor should make cutting business rates for retailers a top priority, said the boss of Currys today.

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