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Boohoo Group PLC shares rose strongly on Tuesday morning, despite the fast fashion retailer revealing an annual loss, as it said it expects a strong rebound this autumn. Shares in the London-based... | May 16, 2023
Stock prices in Europe closed lower on Tuesday, with underwhelming China data and little in the way of progress in US debt ceiling talks souring the mood. Corporate updates in London were mixed,... | May 16, 2023
Boohoo said consumer demand was impacted by cost-of-living pressures and many people returning to physical stores post-pandemic.
Josh Warner, market analyst at City Index, said: “What a rough year for Boohoo”
Boohoo Group has reported a pre-tax loss of £90bn as pressures mount on the back of higher labour and energy costs.