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…
This week has been a relatively quiet one on the domestic scene, as far as Brexit and UK politics is concerned. The biggest headline was the release of the YouGOV MRP poll, which projected a Conservative Party majority victory in the elections. This has had a moderate positive impact on the UK 100 , which…
Despite posting a pre-tax loss of £232 million, Virgin Money’s share price has jumped 22 per cent. The banking group blamed PPI pay-outs and the costs associated with its merger with Clydesdale and Yorkshire Bank group for the loss, and its share price hasn’t suffered now standing at 176.3p at the time of writing. Virgin…
Bank note printer, De La Rue, has seen its share price plummet this week after its half year results showed it could be seriously short of money. The bank note printer’s market cap has shrunk by around 80% in the past two years, and the latest figures show this is now exceeded by its £171…
Aviation services group, John Menzies, could be soaring again soon as its share price reversed its downward trend following a turbulent few months. John Menzies, which provides refuelling, cleaning and cargo handling to airlines pushed up its profit forecast this week and its shares rose almost six per cent to 435p at the time of…