Shares in Moonpig came crashing to earth even as the online card-seller reported record annual turnover.
The company had its worst day since joining the stock market in February after it warned roaring sales have slowed as Covid restrictions have loosened.
Moonpig was a pandemic winner when its services were suddenly in hot demand because lockdowns shut shops and kept people at home.
Out of orbit: Moonpig was a pandemic winner when its services were suddenly in hot demand because lockdowns shut shops and kept people at home
People unable to buy cards in shops turned to Moonpig, which lets customers upload handwritten messages to online versions of cards and send gifts from the likes of Lego and Cath Kidston.
Analysed: Scottish Mortgage Investment Trust and other London funds exposure to China
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Rout in China pulls European markets lower
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