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Dunelm sitting pretty as Mondi slumps | Dunelm sitting pretty as Mondi slumps |
(about 4 hours later) | |
Dunelm shares rose 6.3% on Wednesday after it said like-for-like sales jumped 9.3% in the 13 weeks to 30 September. | |
That made the soft furnishings retailer the biggest riser on the FTSE 250, which closed down 21.5 points at 20,167.78. | |
The FTSE 100 fell 4.46 points, or 0.11%, to 7,533.81 points. | |
Packaging company Mondi was the blue chip index's biggest loser, falling almost 8% after warning on profits. | Packaging company Mondi was the blue chip index's biggest loser, falling almost 8% after warning on profits. |
The firm blamed a weaker US dollar and a "sharply weaker Turkish lira", as well as a 15% rise in the cost of wood, energy and chemicals. | The firm blamed a weaker US dollar and a "sharply weaker Turkish lira", as well as a 15% rise in the cost of wood, energy and chemicals. |
AJ Bell investment director Russ Mould said: "Like-for-like sales are up and average selling prices are generally higher, but the group is beset by continuing cost pressures and currency losses." | AJ Bell investment director Russ Mould said: "Like-for-like sales are up and average selling prices are generally higher, but the group is beset by continuing cost pressures and currency losses." |
Medical device maker Smith & Nephew's shares rose 3.1%, with shares in EasyJet and Whitbread also among the top risers. | Medical device maker Smith & Nephew's shares rose 3.1%, with shares in EasyJet and Whitbread also among the top risers. |
There was a 4.3% fall in the shares of Provident Financial, the owner of Vanquis Bank, which was fined £75,000 on Tuesday for sending nuisance texts and emails. | |
On the currency markets, the pound was flat against the dollar at $1.3204 and was down 0.32% against the euro at €1.1146. |