Boohoo Group (BOO)

Sector:

Retailers

Index:

FTSE AIM 100

34.20p
   
  • Change Today:
      0.18p
  • 52 Week High: 49.28
  • 52 Week Low: 29.32
  • Currency: UK Pounds
  • Shares Issued: 1,268.68m
  • Volume: 4,870,817
  • Market Cap: £433.89m
  • RiskGrade: 206

Boohoo reaches final settlement in US class action claim

By Iain Gilbert

Date: Tuesday 24 May 2022

LONDON (ShareCast) - (Sharecast News) - Fast fashion retailer Boohoo has reached a final settlement in a class action claim brought against it after the company was alleged to have misled shoppers with fake promotions.
Boohoo, which initially reported it had agreed to terms in a preliminary settlement back in November 2021, stated the settlement comes without any admission of liability and fell within the existing £17.8m legal claims provision disclosed in its latest audited accounts.

The AIM-listed group highlighted that the settlement remained subject to review and approval by the District Court of California.

Boohoo was alleged to have offered significant discounts to US customers based on inflated original prices.

As of 1025 BST, Boohoo shares were down 4.63% at 78.70p.



Reporting by Iain Gilbert at Sharecast.com

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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 34.20p
Change Today 0.18p
% Change 0.53 %
52 Week High 49.28
52 Week Low 29.32
Volume 4,870,817
Shares Issued 1,268.68m
Market Cap £433.89m
RiskGrade 206

Boohoo Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.65% below the market average30.65% below the market average30.65% below the market average30.65% below the market average30.65% below the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Price Trend
39.53% below the market average39.53% below the market average39.53% below the market average39.53% below the market average39.53% below the market average
43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average
Income Not Available
Growth
85.12% below the market average85.12% below the market average85.12% below the market average85.12% below the market average85.12% 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 26-Apr-2024

Time Volume / Share Price
16:35 334,272 @ 34.20p
16:35 4,106 @ 34.20p
16:35 47,426 @ 34.20p
16:35 4,189 @ 34.20p
16:35 17,013 @ 34.20p

Boohoo Group Key Personnel

CFO Stephen Morana
CEO John Lyttle

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