Technology may be the sector at the front of many investors’ minds, what with the persistent talk of London-listed companies decamping to New York in search of a more cash-rich and less risk-averse shareholder base, but today it was the more prosaic business of share prices going up and down that grabbed the attention.
On one hand, a “spring of hope” prompted Currys to increase its profit forecast again, in turn pushing it to the top of the FTSE 250 share index; on the other, DCC’s struggling technology division remained mired in a “winter of despair” and dragged the company towards the bottom of the FTSE 100.
DCC reported strong annual earnings growth in its energy division and while the full-year figure for its