Boohoo in tears as shares hit by profit warning January 7, 2015 BOOHOO’S shares plunged more than 40 per cent yesterday after the online fashion retailer issued a profit warning, blaming heavy discounting across the UK high street. The company, which made its debut on London’s junior market in March, said price cuts by high street rivals looking to shift jumpers and coats following warm autumn weather [...]
Analyst Views: What was your reaction to Boohoo’s trading update? January 7, 2015 ALISTAIR DAVIES | INVESTEC Boohoo’s statement highlighted a competitive and challenging UK market, resulting in slower-than-anticipated sales growth. International saw an encouraging rebound in ROW, reflecting benefits from price reinvestment, with Europe delivering mixed results. Lower sales growth… led us to cut our forecasts materially. MATTHEW MCEACHRAN | N+1 SINGER Boohoo has delivered 25 per [...]
FTSE rebounds on expectations of European QE – London Report January 7, 2015 Britain’s top equity index gained nearly one per cent yesterday, rebounding from a three-week low as Eurozone consumer price data raised expectations of new stimulus from the European Central Bank. The blue chip FTSE 100 index, which had fallen in the last three sessions and hit its lowest since mid-December on Tuesday, finished 53.32 points, [...]
Boohoo share price plummets to record low as etailer issues profit warning January 7, 2015 Boohoo's share price has plummeted by around 40 per cent after the etailer issued a profit warning this morning. Although the fast fashion etailer said it had a record week over Black Friday, when demand was 2.4-times higher than its previous busiest day, it warned that full year results would be below market expectations. [...]
FTSE 100 closes 0.3 per cent up (but fell 2.7 per cent in 2014) December 31, 2014 The FTSE 100 ended the year at 6,566.09 points, 0.3 per cent higher than yesterday's close, as trading ended early on New Year's Eve. However, the index was 2.7 per cent down on the beginning of the year, as equities were rocked by headwinds from global markets. Alastair McCraig, a market analyst at IG, pointed [...]
Just Eat shares plummets as founding shareholders sell 7.7 per cent stake December 3, 2014 Takeaway site Just Eat became the biggest faller on the FTSE 250 this morning, after its founding shareholders sold a 7.7 per cent stake in the company. Shares fell 8.64 per cent to 309p in mid-morning trading as it emerged shareholders including Index Ventures, SM Trust and Vitruvian Partners sold off part of their share [...]
£106m Quantum IPO puts Zeus Capital over £1bn raised November 27, 2014 Zeus Capital has advised on over £1bn worth of funds raised on Aim this year, after securing £106m for Quantum Pharma’s float next month. Quantum, the County Durham-based firm, is set to become the biggest pharmaceutical and biotech float on Aim this year with a valuation of £125m when its shares begin trading on 11 [...]
Rankings show Posh Spice is top UK entrepreneur October 27, 2014 Former Spice Girl Victoria Beckham has been named the UK’s top entrepreneur, beating Boohoo.com’s Mahmud Kamani, AO World’s John Roberts and Dyson founder Sir James Dyson, to the top spot. Beckham’s own-brand fashion house has seen its revenues soar 2,900 per cent over the last five years to £30m last year, putting it at the [...]
Boohoo claims credit for online market success October 14, 2014 BOOHOO co-chief executive Carol Kane said the online fashion retailer’s success and recent IPO had acted as a wake-up call for other high street stores to improve their own online businesses, as it posted a jump in sales yesterday. Boohoo made its successful debut on Aim in March, with a market value of £560m, just [...]
Boohoo share price up as profit increase bucks retail downturn October 14, 2014 Boohoo has nothing to cry about this morning, reporting strong half-year results – its first since going public – and sending shares up five per cent in early trading. Pre-tax profits were up 23 per cent to £4.5m, as revenue was up 31 per cent to £67m in the six months to 30 September in [...]