Skip to content

Three Quick Facts: Currys, Pearson and Ibstock


Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Currys strong UK performance offsets weakness elsewhere

Electrical retailer Currys LON:CURY has this morning published a trading update for the 10 weeks to 7th January. The company saw better than expected levels of trade in the UK & Ireland but that was offset by a less impressive performance in the Nordics. As a result, full year guidance remains unchanged with PBT set to come in between £100m and £125m. Management are confident of the UK & Ireland performance in delivering further momentum despite challenging macroeconomic conditions.

#2. Pearson full year guidance upgraded

Educational publisher Pearson LON:PSON has provided a trading update, noting that full year results are expected to come in ahead of previous forecasts. Underlying sales growth is up 5%, resulting in an 11% uptick in profits. With the company on track to deliver £120m of efficiency gains in the year ahead, this will also help offset inflationary pressures.

#3. Ibstock management upbeat despite macroeconomic outlook

Brickmaker Ibstock LON:IBST has is full year trading update out today, too, ahead of numbers which are scheduled for early March. Full year revenues are up by 25% and EBITDA is set to come in ahead of previous expectations but Q4 did see a slowdown in sales. Regardless of this, management believe they are well placed to deliver against medium term targets, despite the inevitable slowdown as macroeconomic factors weigh on demand.

Looking for great investing ideas? Sign up to our free newsletter.

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

CME Group
FP Markets
Back To Top