Boohoo Group (BOO)

Sector:

Retailers

Index:

FTSE AIM 100

35.96p
   
  • Change Today:
    -0.040p
  • 52 Week High: 59.50
  • 52 Week Low: 29.32
  • Currency: UK Pounds
  • Shares Issued: 1,268.68m
  • Volume: 3,561,661
  • Market Cap: £456.22m
  • RiskGrade: 206

Boohoo close to settling US class action

By Michele Maatouk

Date: Thursday 04 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Fast fashion retailer Boohoo said on Thursday that it is close to settling a California court case over fake promotions.
"Boohoo is pleased to report that the parties have notified the District Court that they have agreed to the terms of a preliminary settlement relating to the claim," it said. The preliminary settlement is covered in full by the existing provisions in the latest group accounts, it added.

"Whilst there is no guarantee that the preliminary settlement will result in a final settlement of the claim, the parties will now work together to incorporate the terms of the preliminary settlement into a legally binding settlement agreement."

Broker Peel Hunt, which rates the shares at 'buy', said: "The claims provision is currently shown as £19m, although this includes a number of other issues as well.

"Next steps will be to draft a long form agreement which will need to be ratified by the courts, suggesting this is unlikely to bed finalised until the New Year.

"Either way, the update should give investors confidence that this issue is close to being fully resolved."

At 1000 GMT, the shares were up 4.2% at 192.94p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Boohoo Group Market Data

Currency UK Pounds
Share Price 35.96p
Change Today -0.040p
% Change -0.11 %
52 Week High 59.50
52 Week Low 29.32
Volume 3,561,661
Shares Issued 1,268.68m
Market Cap £456.22m
RiskGrade 206

Boohoo Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.05% below the market average35.05% below the market average35.05% below the market average35.05% below the market average35.05% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
30.63% below the market average30.63% below the market average30.63% below the market average30.63% below the market average30.63% below the market average
26.83% below the sector average26.83% below the sector average26.83% below the sector average26.83% below the sector average26.83% below the sector average
Income Not Available
Growth
84.12% below the market average84.12% below the market average84.12% below the market average84.12% below the market average84.12% below the market average
55% below the sector average55% below the sector average55% below the sector average55% below the sector average55% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 5
Sell 7
Strong Sell 1
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Boohoo Group Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 371,604 @ 35.96p
16:35 218 @ 35.96p
16:35 899 @ 35.96p
16:35 778 @ 35.96p
16:35 2,174 @ 35.96p

Boohoo Group Key Personnel

CFO Stephen Morana
CEO John Lyttle

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