Boohoo Share News (BOO)
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Wed, 25th Oct 2023 14:40
(Sharecast News) - Mike Ashley's Frasers Group went on a shopping spree on Wednesday, picking up more shares in both Boohoo and Asos.
The company - which owns Sports Direct, House of Fraser, Flannels, Evans Cycles and Jack Wills, among others - lifted its stake in Boohoo to 16.5% from 15.1%.
It bumped up its stake in online fashion retailer Asos, to 12.6% from 10.7%.
Frasers has also built stakes in AO World, Currys, N Brown, Hugo Boss and Mulberry.
(Alliance News) - Covid-19 worries in China have damped market sentiment at the start of the week.
Read more(Sharecast News) - Liberum said on Friday that fast-fashion retailer Boohoo "will struggle to reinvigorate growth" even after the opening of its new distribution centre in the US.
Read more(Alliance News) - Blue-chip European equities closed in the red on Wednesday, with poor manufacturing data and fading hopes of an end to zero-Covid measures in China doing little to lift the mood ahead of a Federal Reserve interest rate decision.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
Read more(Sharecast News) - Fast fashion retailer Boohoo was under the cosh on Wednesday after Liberum cut the stock to 'sell' from 'hold' as it pointed to "a hard slog from here with much to do".
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
Read more(Alliance News) - Stock prices in London sank deeper into the red by midday on Friday, with clothing retailers particularly struggling after gloomy consumer confidence and retail sales data for the UK.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:
Read more(Alliance News) - London's FTSE 100 index was set to open higher on Tuesday, extending gains from Monday as a the dark cloud from last month's UK mini-budget appears to have cleared from equity markets.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more(Sharecast News) - Analysts at Deutsche Bank downgraded online retailer Boohoo from 'buy' to 'hold' on Friday, stating its view that online sales would return to structural growth after one year of post-Covid normalisation had been proven wrong.
Read more(Alliance News) - Global markets were defying a hotter-than-expected US inflation reading to push higher on Friday.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:
Read more(Sharecast News) - Analysts at Credit Suisse slashed their target price for shares of Boohoo Group on the back of the deterioration seen in the online fashion group's sales over the first half.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
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