(Alliance News) - boohoo Group PLC on Thursday faced fresh criticism from its largest shareholder, Frasers Group PLC, which said recent changes do not alter its position on removing co-founder Mahmud Kamani from the board. Read More
(Alliance News) - boohoo Group PLC on Thursday named Tim Morris as its new independent chair, a move aimed at strengthening corporate governance as the online fashion retailer faces intensifying pressure from its largest shareholder, Frasers Group PLC. Read More
(Alliance News) - London's FTSE 100 is called to open higher on Thursday, shaking off an underwhelming investor response to Nvidia's earnings, which came despite the chip-making sensation beating consensus. Read More
(Alliance News) - Frasers Group PLC is to name the former head of the UK's corporate governance watchdog as its next chair, Sky News reported on Saturday. Read More
(Alliance News) - boohoo Group PLC on Thursday announced a new retail offer through BookBuild, offering new ordinary shares valued at approximately GBP6 million. Read More
(Alliance News) - boohoo Group PLC, an online fashion retailer, on Thursday said raised just under GBP40 million from an oversubscribed placing and subscription of new shares. Read More
(Alliance News) - Boohoo Group PLC on Wednesday called on shareholders for GBP39.3 million to bolster its balance sheet as it seeks to fend off the unwanted attentions of shareholder Frasers Group PLC. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
(Alliance News) - Manchester-based online fashion retailer boohoo Group PLC on Friday responded to an open letter from Sports Direct owner Frasers Group PLC. Read More
(Alliance News) - Sports Direct owner Frasers Group PLC on Wednesday published an open letter in which it asked Manchester-based online fashion retailer boohoo Group PLC to confirm that it will not make any disposals of its assets without prior shareholder approval. Read More
(Alliance News - Hornby PLC on Tuesday said it has agreed to dispose of subsidiary LCD Enterprises Ltd for around GBP1.4 million. Read More
(Alliance News) - Asos PLC on Tuesday reported lower revenue and a wider annual loss, but said it is on track with is "back to fashion" turnaround strategy. Read More
(Alliance News) - London's FTSE 100 clung onto modest gains on Monday, closing well below early highs, as investors eye the US election and central bank decisions this week. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - Sterling rallied and stocks prospered in London on Friday as weak US jobs data raised hopes of a faster pace of rate cuts across the pond. Read More
boohoo Group PLC - Manchester-based online fashion retailer - Promotes Dan Finley to group chief executive officer, a role that one of boohoo's largest shareholders wants to go to its own founder. Finley is promoted from CEO of Debenhams, the UK department store whose online operations boohoo acquired out of administration back in 2021. He becomes boohoo CEO immediately, replacing John Lyttle, whose departure was announced last month. Finley took over as CEO of Debenhams at the start of 2022, prior to which he was multi channel director at JD Sports Fashion PLC. "Dan had a track record of phenomenal success in online retail during his 10 years at JD Sports," says boohoo Deputy Chair Alistair McGeorge. "The board looks forward to working with him, as we continue the review of options to unlock and maximise shareholder value." boohoo says it will be writing to shareholders in response to the demand by 27% shareholder Frasers Group PLC for Mike Ashley, the FTSE 100 listing's own founder and majority shareholder, to be added to the boohoo board as chief executive. Read More
(Alliance News) - The FTSE 100 is called to open flat on Friday, after a slump in New York, leaving London's flagship index set to register a negative week. Read More
(Alliance News) - London's FTSE 100 fell on Friday as fears that a car finance probe may cost more than thought threw a spanner in the works at Lloyds Banking Group, Barclays and Close Brothers. Read More
(Alliance News) - boohoo Group PLC on Friday hit back at significant shareholder Frasers Group PLC, defending its debt refinancing and explaining the online retailer's "commercial position" is a factor to consider when naming a chief executive. Read More
(Alliance News) - The FTSE 100 posted modest losses around midday on Friday as investors adopted a wait-and-see approach ahead of next week's budget. Read More