Page 19 - John Lyttle News Today

Investegate announcements from boohoo group plc, Trading Update

Shares in Boohoo were down more than 16 per cent at 10am today, making it the top faller on the junior AIM 100 Index.

In its update for the three months to 30 November, Boohoo Group said that it now expected net sales growth to be 12% to 14%, compared to previous guidance

Here are a few of the most significant stories readers should be aware of.

Surging costs, supply issues, labour shortages and rising wages prompt investors to wipe billions off value of e-commerce darlings

The program begins at 7:30p.m. Tickets are $10 in advance, $15 at the door. 

Shares in the Manchester-based firm plunged 15.1 per cent, or 38.7p, to a 17-month low of 217.3p while rivals Asos and In The Style fell 7.4 per cent and 10.2 per cent respectively.

Boohoos pre-tax profits of £64million were down 20 per cent compared to exceptional levels of profitability in the first half of 2020, but 32 per cent above the first half of 2019.

Boohoo report record first half sales of £976 million

Sales at Boohoo Group rose 20% year on year to £975.9m, as it reintroduced Debenhams to a digital audience. Compared with 2019 figures, revenue grew by