OUT OF FASHION In a quiet week for director dealings, online fashion purveyor Boohoo (BOO:AIM) saw two directors taking advantage of recent share price weakness. Chairman Mahmud Kamani spent £10.5 million buying five million shares and co-founder Carol Kane snapped up two million shares for £4.28 million. Boohoo has been the focus of attention for all the wrong reasons recently as ...

Shares in once high-flying Boohoo (BOO:AIM) have fallen by 44% so far in July with professional fund managers and retail investors losing patience with the online fashion group’s poor ESG (environmental, social and governance) practices. Shares believes the Boohoo blow-up sets a precedent for how investors will react to the next company that messes up in terms of ESG factors. The ...

Shares in ASOS (ASC:AIM) advanced 3% to £34.74 on Wednesday despite news of slower third quarter sales, after the online fashion retailer said it expected annual profit to be at the top end of market expectations. Investors were relieved that overall sales had grown through the pandemic, and probably heartened by the absence of the ethical sourcing issues that have emerged at ASOS’ fast ...

Shares in Quiz (QUIZ:AIM) crumbled 8.3% to 6.2p on Monday after the hard-pressed fashion brand said it was investigating claims that workers at a supplier factory in Leicester were being paid below UK minimum wages. Similar to the damaging allegations made against bigger fast-fashion rival Boohoo (BOO:AIM), where a supplier based in Leicester had subcontracted out to a further factory to supply ...

Shares in online fashion purveyor Boohoo (BOO:AIM) have plunged 45% from recent record highs to 230p following allegations of modern day slavery in supplier factories in Leicester. The negative backlash suggests that ESG-principled investors are turning their back on the company and that the shares have further to fall. Boohoo has started a review of its supply chain and is seeking to hire two ...

Shares in online fast fashion retailer Boohoo (BOO:AIM) remained in freefall on Wednesday, cheapening 19.2% to 211.12p with investors evidently not buying a comprehensive statement from the company in response to modern slavery allegations. Judging by today’s price action, the market can’t shake off concerns that sales for Boohoo’s brands will be impacted by the current media ...

London’s FTSE 100 traded slightly lower on Wednesday, down 0.03% at 6,187.94 early on, as climbing COVID-19 cases in countries including the US and Australia cooled optimism that the global economy is turning a corner. Bus and rail company FirstGroup (FGP) fell 10.6% to 44p after reporting wider annual losses owing, in part, to write-downs at its Greyhound coach division and restructuring ...

Shares in online fast fashion seller Boohoo (BOO:AIM) cheapened 9.2% to 352p on Monday as the market reacted to damaging weekend newspaper headlines alleging illegal practices are afoot in some supplier factories in Leicester. Rattled Boohoo responded by highlighting its determination ‘to drive up standards where this is required’ and ‘ensure that everyone working to produce clothing in ...

We’ve all been buying fridges, wine and sparkly tops this year, judging by how the market has rewarded certain retail stocks. There has been a lot of chatter about how alcohol sales have increased during lockdown, so it’s no surprise to see online specialist Naked Wines (WINE:AIM) become the second best retail stock in share price terms year-to-date. Boohoo’s (BOO:AIM) ongoing success ...

Has the death of physical retail stores been over-exaggerated? Investment bank Morgan Stanley believes they could make a comeback after lockdown ends, based on the findings of its survey of 1,000 people conducted in May which suggests that many consumers are missing in-store shopping for clothing. High street and shopping centre footfall last week surged 51% compared to the week before, as more ...

Shares in online fashion group Boohoo (BOO:AIM) jumped over 7% to hit a new high of 417p after it said it expects annual performance to beat market expectations, following a jump in first quarter revenue. In a trading update for the three months to 31 May, revenue jumped by 45% to £367.8m with sales from the middle of March to early April dented as lockdown started but having improved from ...

London markets rose for the second day on the bounce on Wednesday as investors continued to see the positives in a post-coronavirus economic recovery. The UK’s benchmark FTSE 100 rallied 0.9% in early trading to 6,299.31, following Tuesday’s biggest gains in a month , thanks to robust US economic data and positive results from a UK drug trial in reducing Covid-19 death rates. Scientists ...

An entertaining if brief dust-up between AIM online fashion firm Boohoo.com (BOO:AIM) and short seller ShadowFall Research, ultimately saw the former prevail. However, even if strong growth is being forecast, we think investors should steer clear of the stock on valuation grounds. Based on upgraded forecasts for the February 2021 financial year from Numis the stock trades on a ...

Shares in Boohoo (BOO:AIM) bounced 11.8% to an all-time high of 374.3p on Thursday after the online fashion seller snapped up the remaining 34% of PrettyLittleThing (PLT) from minority shareholders for an initial £269.8m in cash and shares. The PLT deal follows a turbulent few days for Boohoo, which has found itself in the crosshairs of short-seller Shadowfall. Yesterday, Boohoo was forced ...

Shares in high-flying fast-fashion retailer Boohoo (BOO:AIM) bounced 3.45p higher to 354.75p on Friday following confirmation it had bagged £198m through a placing at 340p. Further strengthening an already formidably strong balance sheet, the fresh funds will be used for fashion brand acquisitions in a retail sector left reeling by the COVID-19 pandemic. FASHIONING FURTHER M&A The ...

The FTSE rallied 1.3% higher to 5,817.74 points on Friday after two days of losses as China reported its first rise in factory output so far in 2020, giving a boost to oil and mining shares. BP (BP.) and Royal Dutch Shell (RDSB) traded almost 2% higher, while Anglo American (AAL) was 4% ahead and Rio Tinto (RIO) was up 3%. The midcap index was also strongly higher, up 1.4% to 15,625.9 ...

There are flickers of light at the end of a very long tunnel. Doctors are learning more about Covid-19 every day; how it spreads, which treatments are showing promise, and how to create effective testing methods. Inevitably, after being cooped up during many weeks of lockdown, restrictions are slowly being lifted and consumers and businesses are focusing on how they can transition back to ...

UK retail sales plunged by the most on record in March as a surge in food panic buying for the COVID-19 lockdown failed to offset a slump in non-food sales including clothing. This is according to the Office for National Statistics (ONS), which today reported a 5.1% drop in sales volumes in March from February, the steepest drop since ONS records began in 1996. Retail sales volumes fell ...

Shares in online-only fashion retailer Boohoo (BOO:AIM) bounced 5.3% higher to 286p on Wednesday despite pulling guidance for the 2021 financial year as coronavirus uncertainty persists. The retailer’s continued sector outperformance, a return to sales growth in April and the news it has ample liquidity to see it through the COVID-19 crisis put some much-needed smiles on ...

The FTSE 100 was 1% higher at 5,703 points as global stock markets took a breather after the wild swings in sentiment following the crash in oil prices earlier this week. Stocks in Asia were mixed as investors continued to worry about the pace at which global economies could open. The SEE composite closed up 0.6% while the Nikkei 225 was 0.7% lower. Brent crude traded 6% lower at $20.5 while ...