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Currys is white hot amid Frasers talk
Evening Standard
|June 20, 2023
STRUGGLING Currys became the hottest stock in the FTSE 250 index today as traders responded to the latest white goods move by Frasers Group.
The disclosure of a 9% interest in Currys emerged a few days after the Sports Direct owner revealed a 21% stake in AO World as part of a strategic partnership.
Speculation over the interest of Frasers, whose majority owner Mike Ashley has passed day-to-day running of operations to son-in-law Michael Murray, made Currys the most traded stock in the FTSE 250 at one point this morning.
The heavy dealings meant a volatile session for shares, which rose 3% or 1.45p before settling half a penny higher at 53.5p.
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