Vox Markets Logo

FTSE 250 movers: Currys in favour; No appetite for Greggs

13:14, 14th May 2024

FTSE 250 (MCX) 20,630.59 0.34%

Electricals retailer Currys lifted its full-year profit expectations on Tuesday as it hailed a return to like-for-like sales growth.

In an update for the year to 27 April, the company said group LFL sales returned to growth, up 2% in the 16 weeks since the peak trading period.

Full-year pre-tax profit excluding the Greek business is now expected to be between £115m and £120m, up from previous guidance of "at least" £105m.

The news also boosted shares in rival retailer AO World.

Logistics real estate investor Tritax EuroBox is to sell a Gothenburg warehouse for SEK385m (£28m) as the company continues to dispose of assets to reduce leverage.

UK bakery chain Greggs maintained full year earnings forecasts as underlying sales grew 7.4% in the first 19 weeks of this year in what it called a "challenging market".

Total sales rose to £693m from £609m a year earlier, boosted by increases in delivery sales, evening trade and increased usage of the Greggs App. Like-for-like sales in company-managed shops was up 7.4%.

Bank of Georgia shares fell as protests continued in the country over the introduction of a new "foreign agents" law that opponents say is a Russia-inspired move towards cracking down on dissent.


Market Movers

FTSE 250 - Risers

Currys (CURY) 70.50p 7.88%
AO World (AO.) 109.00p 5.01%
Babcock International Group (BAB) 525.50p 4.27%
Tritax Eurobox (GBP) (EBOX) 61.50p 4.24%
Trustpilot Group (TRST) 216.00p 3.35%
Inchcape (INCH) 807.00p 3.13%
Watches of Switzerland Group (WOSG) 345.00p 3.11%
Aston Martin Lagonda Global Holdings (AML) 144.60p 2.48%
Supermarket Income Reit (SUPR) 75.20p 2.45%
IP Group (IPO) 50.90p 2.41%

FTSE 250 - Fallers

CMC Markets (CMCX) 257.00p -5.51%
Bank of Georgia Group (BGEO) 4,850.00p -2.41%
Marshalls (MSLH) 307.50p -2.38%
TBC Bank Group (TBCG) 2,990.00p -2.13%
Greggs (GRG) 2,762.00p -1.99%
Lancashire Holdings Limited (LRE) 621.00p -1.90%
International Distributions Services (IDS) 279.40p -1.55%
BlackRock World Mining Trust (BRWM) 608.00p -1.30%
Centamin (DI) (CEY) 124.40p -1.27%
International Public Partnerships Ltd. (INPP) 126.40p -1.25%


Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.