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14 Jan 2022 | 15:03

FTSE 250 movers: Currys slumps after update; Countryside recovers

(Sharecast News) - 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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