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Pin to quick picksBoohoo Share News (BOO)

Share Price Information for Boohoo (BOO)

London Stock Exchange
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Share Price: 35.20
Bid: 35.22
Ask: 35.66
Change: 1.02 (2.98%)
Spread: 0.44 (1.249%)
Open: 34.80
High: 35.66
Low: 34.30
Prev. Close: 34.18
BOO Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: CMC Markets ups outlook; Asos falls on CMA

Wed, 27th Mar 2024 10:04

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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SMALL-CAP - WINNERS

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CMC Markets PLC, up 12% at 210 pence, 12-month range 86.90p-234.50p. The London-based online trading platform operator for retail investors and financial institutions expects net operating income in the financial year ending Sunday to exceed the top end of the previously guided range of between GBP290 million and GBP310 million. It also expects operating costs to be in line with guidance at around GBP240 million, while noting it continues to identify opportunities for further cost savings across the global business as it focuses on improving profit margins. "Following the strong trading performance seen in the third quarter, the positive momentum continued in the fourth quarter. We continue to see strength in the institutional and [business-to-business] business as the group benefits from the long-term investments in this area. The group also has a strong pipeline of B2B partnerships some of which are in the advanced stages," the company says.

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Vanquis Banking Group PLC, up 7.6% at 55.3p, 12-month range 43.15p-243.20p. The Bradford, England-based lender swings to a pretax loss in 2023 of GBP4.4 million from a profit of GBP110.1 million in 2022. This is despite net interest income rising 2.3% to GBP442.6 million from GBP432.7 million, and total income rising 1.7% to GBP488.8 million from GBP480.7 million. Impairment charges more than doubles to GBP166.1 million from GBP66.1 million, while operating costs rises 7.4% to GBP327.1 million from GBP304.5 million. Chief Executive Officer Ian McLaughlin comments: "Today's results and strategy seminar highlight the considerable challenges we are managing as we reset our business. We also describe our opportunity to grow, to deliver benefit to our customers and increase adjusted return on tangible equity from 3.2% in 2023 to the mid-teens by 2026... We have a better understanding than ever before of how to serve our large and growing customer base. We will build our position as their chosen banking partner, deploying unique assets like Snoop, improving operational effectiveness and managing our capital to support our growth ambitions. We do have a period of hard work and change ahead of us. It is still early days, but we are making progress."

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SMALL-CAP - LOSERS

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Asos PLC, down 1.9% at 370.8p, 12-month range 320.33p-838.00p. Alongside boohoo Group PLC, both online fashion retailers promise to make "accurate and clear" environmental claims for their fashion items, following a probe by the UK Competition & Markets Authority. The duo's pledge, also made by Asda's George offering, will mean consumers "can now expect to see accurate and clear green claims when shopping for fashion items", the UK watchdog explains. "The undertakings secured by the Competition & Markets Authority commit Asos, Boohoo and George at Asda - which together make over GBP4.4 billion annually from UK fashion sales alone - to change the way they display, describe, and promote their green credentials," the CMA adds. Asos, boohoo and Asda have made these undertakings "without any admission of wrongdoing or liability", according to the CMA. boohoo is up 1.5% on AIM in London.

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By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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UK earnings, trading statements calendar - next 7 days

Wednesday 10 May 
Anexo Group PLCFull Year Results
Asos PLCHalf Year Results
Compass Group PLCHalf Year Results
Dignity PLCTrading Statement
Directa Plus PLCFull Year Results
Georgia Capital PLCQ1 Results
Harbour Energy PLCTrading Statement
Hochschild Mining PLCQ1 Results
HydrogenOne Capital Growth PLCQ1 Results
JD Wetherspoon PLCTrading Statement
MaxCyte IncQ1 Results
Polymetal International PLCQ1 Results
Spirax-Sarco Engineering PLCTrading Statement
Tui AGFull Year Results
Valeura Energy IncQ1 Results
Vertu Motors PLCFull Year Results
Thursday 11 May 
3i Group PLCFull Year Results
Airtel Africa PLCFull Year Results
Eurocell PLCTrading Statement
Donegal Investment Group PLCHalf Year Results
Grainger PLCHalf Year Results
Hurricane Energy PLCFull Year Results
ICG Enterprise Trust PLCFull Year Results
IQE PLCFull Year Results
ITV PLCTrading Statement
John Wood Group PLCTrading Statement
Mediclinic International PLCTrading Statement
Morgan Advanced Materials PLCTrading Statement
Rolls-Royce Holdings PLCTrading Statement
S4 Capital PLCQ1 Results
TBC Bank Group PLCQ1 Results
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Allianz Technology Trust PLCQ1 Results
Balfour Beatty PLCTrading Statement
Beazley PLCQ1 Results
CMO Group PLCFull Year Results
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CentralNic Group PLCFull Year Results
Cerillion PLCHalf Year Results
Currys PLCTrading Statement
Diploma PLCHalf Year Results
Equals Group PLCTrading Statement
Finsbury Growth & Income Trust PLCHalf Year Results
Instem PLCFull Year Results
JPMorgan Multi-Asset Growth & Income PLCFull Year Results
Westminster Group PLCFull Year Results
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boohoo Group PLCFull Year Results
Britvic PLCHalf Year Results
Burford Capital LtdFull Year Results
Cornerstone FS PLCFull Year Results
DCC PLCFull Year Results
Essentra PLCTrading Statement
Greggs PLCTrading Statement
Hyve Group PLCHalf Year Results
Imperial Brands PLCHalf Year Results
Land Securities Group PLCFull Year Results
Likewise Group PLCFull Year Results
Marston's PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Vodafone Group PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 May 2023 09:12

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Boohoo appoints Alistair McGeorge as deputy chairman

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