Shares in Dunelm surged on Wednesday after the homeware retailer reported unexpectedly strong sales growth.
The shares jumped by 6.3% making the retailer the biggest riser on the FTSE 250 after it posted 9.3% growth in like-for-like sales for the 13 weeks to the end of September.
Like a number of other retailers, Dunelm has nott had an easy year. Despite the latest uptick, the shares are still trading well below where they stood at the start of the year as the group’s profit margins have been squeezed and two months ago it parted ways with chief executive John Browett.
Elsewhere on Wednesday, the FTSE 100 was little changed, falling just 0.11%. The biggest faller was packaging group Mondi whose shares plunged nearly 8% following a profit warning.
16 October 2017
13 October 2017