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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 250 movers: Wetherspoons slumps; Currys surges

(Sharecast News) - 23,063.66 - up 105.79 (0.46%) Wetherspoons slumped as it warned that first-half profits were likely to be lower than the previous year and that its full-year trading outcome was set to be "slightly below" that achieved in FY25. The company said costs had been higher than expected.

Fellow pub group Mitchells & Butlers also lost ground.

Premier Foods rose as the Mr Kipling and Oxo owner lifted its full-year profit outlook after strong Christmas trading.

Currys pushed higher as the electricals retailer said that full-year profit was set to beat market expectations after "very strong" trading over the peak Christmas and new year period.

Quilter rose as it reported record quarterly core net inflows of £2.4bn, while Elementis was up as it said trading in the three months to the end of December was "marginally ahead" of full-year expectations.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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