Teen favourite JD Sports had a bad innings this week after majority owner, Pentland, offloaded 24 million shares, causing prices to slump by nine per cent. The shares are still up over 100 per cent for the year to date though, standing at 741.20p, leading some analysts to suggest that the current slum could be…
Online estate agent, Purplebricks saw its share price shoot up and then down again as investors mulled over its latest set of interim results. Now standing at 105p at the time of writing, the shares are up 0.77p but still down from its 157p high this time last year. Its results revealed UK instructions had…
The UK 100 has had a bad week leading up to the UK elections on December 12. A lot of this week’s underwhelming performance of the UK 100 could be ascribed to the risk-off sentiment assumed by global stock and commodity markets on Monday and Tuesday. This was after a dampening of the mood around…
Homeware retailer, Dunelm, has defied the Christmas retail gloom, announcing it expects to exceed its full year expectations after a positive customer response to a new website. The news sent share prices soaring by 19 per cent, to 995p at the time of writing, the highest it has been since March 2016. Along with the…
Online supermarket Ocado has surprised shareholders with the news that it’s looking to raise £500m via a convertible bond offering. The supermarket chain, which is best known for online deliveries in the UK, said it would use the proceeds of the bond to fund the build of new robotic warehouses. The news sent shares plummeting…
After a strong Black Friday, online fashion retailer Boohoo’s cofounders made a surprise share sale, offloading a 4.3 per cent stake, worth around £143m. The sale sent Boohoo’s share price down by 4.7 per cent to 279.40p at the time of writing. Despite the sale, co-founder and executive director Carol Kane and co-founder and executive…