Member Info for RazorsEdge

£49.5 m

“The property has been sold for £49.5m in cash to Global Holdings UK Limited, an independent property fund. The action taken to dispose of this non-core and non-strategic asset will further strengthen the company's balance sheet.

Part of the proceeds will be used to pay down, in full, the remainder of the term loan, which was due for repayment in August 2025. This will leave the business with a £125m revolving credit facility which is sufficient for its needs going forward.”

Major European stock markets traded mixed during premarket hours on Monday as the United Kingdom's Office for National Statistics published its report on the country's gross domestic product (GDP), which was flat in the third quarter of 2024. Investors also anticipated Spain's GDP report, which will be published later today.

The DAX dropped by 0.08% at 8:00 am CET, while the FTSE 100 increased by 0.10%. At the same time, the CAC 40 and Euro Stoxx 50 were flat.

The euro was flat against the dollar and sold for $1.04337 at 7:58 am CET. Meanwhile, the pound was also flat compared to the dollar at 7:59 am CET, selling for $1.25694.

Baha Breaking News (BBN) / SM

Happy Monday y’al 🎄🛒🛍️🎁

Https://www.instagram.com/reel/DDedh8vIukD/?igsh=dG56bThtemw4YXA=

Mike Ashley’s attempt to force his way onto Boohoo’s board has been defeated after shareholders overwhelmingly voted against his election

Major European stock indexes traded lower in the premarket hours on Friday after the Bank of England (BoE) decided to maintain interest rates unchanged at 4.75%. Investors also awaited fresh reports on German producer prices and the United Kingdom's retail sales, set to be published before the opening bell.

The DAX lost 0.20%, and the FTSE 100 declined by 0.25% at 8:00 am CET. At the same time, the CAC 40 decreased by 0.28%, and the Euro Stoxx 50 tumbled by 0.70%.

The euro and the pound traded flat compared to the dollar at 7:58 am CET, selling for $1.03755 and $1.25039.

Baha Breaking News (BBN) / JJ

Happy Friday y’al hope

Enjoy your weekend

*Westendorf Austria tomorrow for a week, 🎿🚠⛷️

Major European stock indexes traded with losses in the premarket on Thursday in the aftermath of the United States Federal Reserve monetary policy decision, with the central bank revealing in its latest dot plot that it plans fewer interest rate cuts in 2025 compared to previous predictions. Today, the Bank of England will be sharing its move.

The DAX declined 0.65% at 8:00 am CET. At the same time, the Euro Stoxx 50 fell 1.70%, the CAC 40 traded 0.84% lower, and the FTSE 100 shed 0.11%.

At 7:59 am CET, the euro traded 0.20% above the dollar, going for 1.03850. Simultaneously, the pound added 0.18% against the greenback, changing hands for 1.25984.

Baha Breaking News (BBN) / AY

Major European stock markets traded mixed during premarket hours on Wednesday as investors digested the latest inflation data from the United Kingdom, with the latest reports showing that consumer prices increased to 2.6% in November and producer prices decreased by 0.6%. In the United States, the Federal Reserve is expected to reveal its newest monetary policy decision later today.

The DAX dropped by 0.09% at 8:00 am CET, while the FTSE 100 advanced by 0.18%. At the same time, the CAC 40 slipped by 0.08%. A minute later, the Euro Stoxx 50 was flat.

The euro gained 0.21% against the dollar, selling for $1.05108 at 7:58 am CET. Meanwhile, the pound was flat compared to the dollar and sold for $1.27129 at 7:59 am CET.

Baha Breaking News (BBN) / SM

Happy hump y’al

Major stock indexes in Europe traded with losses in the premarket hours on Tuesday as investors awaited the latest report on the United Kingdom's unemployment. Additionally, markets anticipated the fresh data on German business climate and economic sentiment, as well as the Eurozone's foreign trade.

The DAX dropped by 0.21%, and the FTSE 100 fell by 0.13% at 8:00 am CET. At the same time, the CAC 40 declined by 0.21%, while the Euro Stoxx 50 lost 0.41%.

The euro was flat against the dollar at 7:58 am CET, selling for $1.05007. Simultaneously, the pound was down 0.11% compared to the greenback to go for $1.26691, respectively.

Baha Breaking News (BBN) / JJ

Major European stock exchanges traded lower in Monday's pre-market session ahead of key economic data. Investors will receive reports on composite PMIs from France and Germany throughout the day. In addition, the latest CPI data from Italy will be released today.

The DAX lost 0.10% at 8:00 am CET, while the CAC 40 fell 0.21%, and the FTSE 100 declined 0.12%. The Euro Stoxx 50 traded 0.15% lower.

At 7:59 am CET, the euro improved by 0.16% against the dollar, selling for $1.05138. The pound grew by 0.12% to go for $1.26341 simultaneously.

Baha Breaking News (BBN) / JG

Happy Monday y’al

* Explanation

Reardon95 I agree with your stance 💯. Your expiation is a mirror of mine.

Most European markets are poised to open lower on Friday as investors digest the European Central Bank's recent decision to reduce interest rates. The trim, which marks the fourth rate cut this year, lowered rates by 25 basis points.

On the agenda for today, market participants will evaluate the United Kingdom's gross domestic product data for the last three months, alongside figures for trade balance and industrial output. Additionally, Germany's trade balance and the industrial production data from the Eurozone are also drawing significant attention.

The DAX was flat at 8:01 am CET, while the FTSE 100 was up by 0.25%. At the same time, the CAC 40 declined by 0.22% and the Euro Stoxx 50 dropped by 0.16%.

The euro lost 0.48% against the dollar and sold for $1.05318 at 7:41 am CET. Meanwhile, the pound slipped by 0.36%, selling for $1.26987 at 7:59 am CET.

Baha Breaking News (BBN) / RR

Happy Friday y’al

Enjoy your weekend 🤠

Https://www.telegraph.co.uk/business/2024/12/12/mike-ashley-accuses-boohoo-founder-blatant-hypocrisy-vote/

“5. Mike Lennon is a practicing insolvency expert with a history of working closely with Frasers; Shareholders should ask themselves why Frasers would want him in situ at boohoo”

Https://www.lse.co.uk/rns/BOO/glass-lewis-recommends-vote-against-resolutions-zdvbvjdkq6ganot.html

Major European stock markets traded mostly higher during premarket hours on Thursday in anticipation of the European Central Bank's (ECB) decision on the key interest rates, which will be made during its monetary policy meeting later today. Investors also awaited the Swiss National Bank's decision on its key interest rate and the United States report on the country's producer prices.

The DAX rose by 0.18% at 8:00 am CET, while the FTSE was flat. At the same time, the CAC 40 increased by 0.20%. A minute later, the Euro Stoxx 50 climbed by 0.15%.

The euro was up by 0.19% compared to the dollar, selling for $1.05126 at 7:58 am CET. Meanwhile, the pound gained 0.18% against the dollar and sold for $1.27695 at 7:59 am CET.

Baha Breaking News (BBN) / SM

Full credit for awareness of this article is due to Alex1621

Glass Lewis said in its report that although Ashley made certain commitments aimed at addressing these issues, such as agreeing not to share confidential information regarding Boohoo with Frasers, “we believe they fall short of the level of protections that are necessary to sufficiently guard against” this.

It acknowledged that Frasers “raised compelling points” that might justify further scrutiny of Boohoo but the company should have a chance to turn its fortunes around under new chief executive Dan Finley, an insider who replaced John Lyttle in November.

Boohoo said this week that Frasers appeared intent to “destabilise Boohoo and disrupt [the] board’s plans to unlock and maximise shareholder value”.

Frasers said on Wednesday that Ashley had “set out clearly” in an open letter on Sunday “his determination to work on behalf of all Boohoo shareholders and support Dan Finley to deliver on the opportunities to turn around the fortunes of the group and restore shareholder value”, and again urged shareholders to vote for the resolutions next week.

Two shareholder advisers side with Boohoo in Mike Ashley row

Glass Lewis and Institutional Shareholder Services advise against giving retail tycoon board role

A second influential shareholder adviser has backed Boohoo in its battle with Mike Ashley’s Frasers, as the sportswear tycoon continues his pursuit of a board role at the UK fast-fashion retailer.

Glass Lewis on Wednesday urged Boohoo’s investors to vote against Ashley and another associate joining the board at a meeting on Friday next week. It comes after peer Institutional Shareholder Services made the same recommendations on Friday.

Glass Lewis’s advice is the latest twist in a stand-off between the two companies. The advisory group said that shareholders “would not be well served supporting the appointment . . . at this time”.

Frasers, which owns 28 per cent of Boohoo, believes the Aim-listed company has been mismanaged, after a 90 per cent fall in the value of its shares from their June 2020 peak. It has accused Boohoo’s top executives of presiding over a “catastrophic” debt refinancing and is seeking to install Ashley on the board, having so far unsuccessfully demanded that he be appointed as the retailer’s chief executive.

Boohoo, in turn, has accused Frasers of potential conflict of interest because of its stake in rival online retailer Asos, noting that both Frasers and Asos compete in similar markets to Boohoo — something that Glass Lewis and ISS have also raised as a concern.

Https://www.ft.com/content/6c2944d9-a4c9-4d6a-ac8f-6a49598b078e