FTSE 250 movers: Ceres powers ahead, Currys tumbles

(Sharecast News) - 21,371.19 -104.26 (-0.49%) Ceres Power rallied after results despite posting a slide in annual revenues and widened losses on Thursday, amid a slowdown in hydrogen adoption.

The clean energy specialist saw total revenues tumble to £32.6m in the year to December end, from £51.9m. Gross profits slid to £22.7m from £40.2m, and the operating loss widened to £47.6m from £31.3m.

THG surged after saying it swung to a profit in 2025 as disposals and a strong second half helped drive a turnaround across the group.

The beauty and nutrition retailer said FY revenues rose 2.3% to £1.71bn, with second‑half trading coming in around 15% ahead of consensus and significantly stronger than the first half, while adjusted underlying earnings came in at £76.6m, ahead of guidance but down from £83.3m a year earlier. Operating profits improved to £8.1m, compared with a £147.9m loss in 2024.

Pollen Street Group reported strong growth in 2025 on Thursday, as fundraising momentum across its private equity and private credit strategies drove higher assets under management and profits, while the firm also confirmed a 31p per share second interim dividend.

Total assets under management rose 30% to £7.1bn in the year ended 31 December, up from £5.4bn, while fee-paying AUM increased 32% to £5.2bn.

Currys tumbled after it announced that chief executive officer Alex Baldock is stepping down after eight years in the job to take a new external position.

Playtech slid as it reported a 10% drop in full-year revenue from continuing operations and a 9% decline in adjusted earnings before interest, tax, depreciation and appreciation. The performance was as it expected, however, reflecting the impact of the sale of Snaitech and the revised agreement with Caliente Interactive.

Mony Group lost ground as it traded without entitlement to a dividend.