Dunelm up as it sees strong recovery

Shares in FTSE 250 homewares retailer Dunelm (LON:DNLM) rose by 2.17% to 1,460p (as of 13:05 BST) after it reported that sales for July were up by 59% relative to the prior year, in part due to pent up demand and the timing of the summer sales. Some of this momentum has continued to carry forward in August where sales were up by 24% year-on-year.

Management said that while performance has been ahead of initial expectations, the wider outlook remains unclear due to the uncertainty in the wider economy and the potential for future lockdowns. However, the company remains confident in its ability to adapt to any changes in circumstances.