British retailer Currys drops 5% as China's JD.com walks away from takeover race
Publishing timestamp: 2024-03-15 12:10:05
Summary
British electronics chain Currys faced more rejection as Chinese online retailer JD.com walked away from the takeover race for the firm. This comes after Elliott Investment Management also decided not to make another takeover bid. Currys shares plunged more than 10% on the announcement. The company has been struggling with increased competition and depressed consumer spending, with its share price falling around 60% since early 2021.
Sentiment: NEGATIVE
Tickers: CURY-GB,
Keywords: currys plc, retail industry, business news, breaking news: business, markets, breaking news: markets,