JOUL.L Share News (JOUL)

(Sharecast News) - Joules Group revealed on Tuesday that founder Tom Joule had purchased a total of 67,400 ordinary shares in the AIM-listed fashion brand.
Joule, who started the company back in 1989, purchased the shares in two separate transactions - snapping up 17,400 on Friday at an average price of 222.0p before acquiring a further 50,000 on Monday at 215.0p each.

Back in August, Joules said it had swung to a full-year profit as solid online sales and the contribution from recently-acquired Garden Trading more than offset store closures.

In the year to 30 May, the company swung to a pre-tax profit before exceptional costs of £6.1m from a loss of £3.9m the year before. On a statutory basis, it swung to a pre-tax profit of £2m from a loss of £24.8m. Group revenue rose 4.3% to £199m, with e-commerce sales up 48% to £122m.

As of 1625 BST, Joules shares were up 2.02% at 213.10p.

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