Currys shares rise as retailer defies high street gloom with strong Christmas sales

The business has sold the windfarms to European renewable energy producer ERG

The retailer will acquire the Russell & Bromley brand and three of its stores in Chelsea, Mayfair and Bluewater via a pre-pack administration

Shares in the FTSE 250 firm slumped in morning trading after it warned on profits, blaming higher energy, wage and business rates costs

The firm also topped the list of 22 online, retail and hospitality businesses in the tourism category

Its new £60m facility follows the refinancing of debt with NatWest and the Welsh Government

Food inflation reached 4.5% in December, with sugar and confectionery prices up 10.2%, behind the surprise rise in UK inflation to 3.4%

The streaming platform cited its live sport investment among contributing factors to the sales surge