"But the group remains cautious for this year and didn't provide any pretax profit guidance," Barclays analysts say in a note. (christian.moess@wsj.com)---Currys's UK Margin Improvement Shows Robustness1034 GMT - Currys's FY 2023 report showed that its U.K. margin performance was robust, but was offset by problems in the Nordics market, Citi analysts say in a note. Analysts estimate an around 10% accretion to 2024 management-fee pretax profit without accounting for synergies for the U.K. active investment manager. (christian.moess@wsj.com)---UK Banks' Returns Look Sustainable But Are Undervalued0951 GMT - U.K. banks' near-term revenue outlook is muted given the actions taken to shield borrowers from higher mortgage costs and provide opportunities for consumers to save at favorable costs, Berenberg says in a note. "This waning momentum, alongside concerns related to political intervention, has increasingly led investors to ignore U.K. banks' attractive (but not excessive) returns," Richardson says.

Source: Wall Street Journal July 06, 2023 12:44 UTC