FTSE 250 movers: Currys slumps after update; Countryside recovers
London’s FTSE 250 was down 0.9% at 22,754.37 in afternoon trade on Friday.
Electricals retailer Currys was in the red after it reported a fall in sales over the peak Christmas period as a tough comparator year, uneven customer demand and supply disruption hit revenues.
Russ Mould, investment director at AJ Bell, said: "The nation loading up on laptops and phones throughout 2020 set the bar high for 2021 in terms of Christmas technology sales to beat. While there was still a steady trickle of purchases in recent months, there just wasn’t enough festive demand to beat the year-on-year comparative figures for Currys.
"Only game-related items were noteworthy, meaning that Currys has fallen short of its guidance set only a month ago."
Countryside Properties was the top gainer, having tumbled on Thursday after it announced the departure of its chief executive and said first-quarter trading had been below the board’s expectations.
FTSE 250 - Risers
Countryside Properties (CSP) 350.00p 7.10%
NCC Group (NCC) 226.00p 4.39%
Virgin Money UK (VMUK) 198.90p 3.84%
Cineworld Group (CINE) 40.14p 3.48%
Renishaw (RSW) 4,714.00p 3.33%
Airtel Africa (AAF) 142.60p 2.52%
XP Power Ltd. (DI) (XPP) 5,120.00p 2.20%
SSP Group (SSPG) 275.50p 2.19%
CLS Holdings (CLI) 225.00p 2.04%
IP Group (IPO) 115.20p 1.77%
FTSE 250 - Fallers
Ferrexpo (FXPO) 281.80p -9.27%
Trustpilot Group (TRST) 252.00p -7.56%
Currys (CURY) 105.90p -5.78%
Watches of Switzerland Group (WOSG) 1,280.00p -5.74%
Dr. Martens (DOCS) 328.20p -4.98%
Future (FUTR) 3,296.00p -4.79%
Petropavlovsk (POG) 17.07p -4.53%
Auction Technology Group (ATG) 1,190.00p -4.34%
888 Holdings (888) 273.20p -4.21%
Homeserve (HSV) 783.50p -3.75%