STOCK WATCH

■ SHARES in Virgin Wines tumbled after it revealed it suffered a bleak Christmas.

The company lost around £1.5m of revenue because it cut off Christmas sales a week earlier than usual. The firm was having problems with the software which it uses to manage its two warehouses.

But that was not the only problem. The cold snap in December also created challenges, as did the postal strikes. Shares, which listed at 197p each in early 2021, plunged 7.2pc, or 3.5p, to 45p.