Buyback9 Jul 2020 15:50
https://www.betaville.co.uk/news/boohoo-buyback/
Boohoo buyback...
Thursday, 9 July 2020, 2:03 pm
There is talk circuclating the London market that Boohoo or its directors are currently buying a load of the embattled company's shares.
Perhaps, then, that's why the stock - which has been hammered over the last couple of days following allegations about the treatment of its workers - has leapt over 30pc at pixel time.
Either that or the shorts, such as Matt Earl's Shadowfall, are taking profit.
Anyway, Betaville is expecting an announcement regarding the buyback after the market closes tonight or tomorrow morning.
A spokesperson for Boohoo declined to comment.