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14 Jan, 2022 15:58 14 Jan, 2022 15:58

FTSE 250 movers: Currys slumps after update; Countryside recovers

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CurrysSharecast photo / Josh White

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%


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.