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IN BRIEF: boohoo non-exec director buys 100,000 shares after update

16th Jun 2021 14:47

boohoo Group PLC - Manchester, England-based fast fashion retailer - Non-Executive Director Iain McDonald buys 100,000 shares at average 326.47 pence, worth GBP326,470, on Tuesday and Wednesday. McDonald now has 721,336 shares, a 0.1% stake. The purchase follows boohoo on Tuesday saying it has made a "strong start" to its financial year, with revenue up 36% on a year ago in the three months to May 31. boohoo also provided a progress update on its 'Agenda for Change' supply chain ethics programme, following accusations of worker exploitation. boohoo's UK suppliers are now obliged to be audited by independent ethics auditors, Verisio and Bureau Veritas.

Current stock price: 324.26p

Year-to-date change: down 5.5%

By Tom Waite; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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