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Tag: shares

Boohoo shareholder sells off shares in firm worth nearly £80m | Business

One of Boohoo’s largest shareholders has sold off more than half its stake in the online fashion retailer, saying its response to reports of poor working conditions in its supply chain had been inadequate. Aberdeen Standard Investments sold off 27m shares this week, worth nearly £80m at Thursday’s closing price, as it said recent events …

Boohoo shareholder sells off shares in firm worth nearly £80m | BusinessRead More

Boohoo shares bounce back after pledge to improve factory conditions | Fashion

Shares in Boohoo Group rebounded more than 27% on Thursday after analysts and investors were reassured by the online fashion specialist’s plan to clean up its supply chain. The company recovered nearly £770m in value after Boohoo’s City broker held a call with major investors in the UK and US on Wednesday night, after the …

Boohoo shares bounce back after pledge to improve factory conditions | FashionRead More

Boohoo shareholders demand answers after shares plunge by a third | Business

Shareholders in Boohoo are seeking answers from the company over conditions for workers supplying its garments after the online fashion specialist’s shares plunged more than £1.5bn in two days. The company has lost nearly a third of its value since Friday afternoon after Boohoo said on Monday it was investigating claims that staff at one …

Boohoo shareholders demand answers after shares plunge by a third | BusinessRead More

Beyond Meat shares fall after McDonald’s ends Canadian trial of meatless burger

Shares of Beyond Meat fell 7% in morning trading after the CBC reported that McDonald’s stopped testing a burger made with its patties in Canada. In a tweet to a consumer asking about the burger, McDonald’s Canada said that the test ended April 6. The chain has no plans to bring back the item at this time.  McDonald’s stock …

Beyond Meat shares fall after McDonald’s ends Canadian trial of meatless burgerRead More

Nike (NKE) reports Q4 2020 earnings, shares fall on unexpected loss

Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Even Nike, often lauded as one of the strongest …

Nike (NKE) reports Q4 2020 earnings, shares fall on unexpected lossRead More

Wayfair shares surge 37% as coronavirus drives sales of office furniture

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair shares surged more than 37% Monday after the online furniture company said its business is booming, as people furnish their home offices or decorate while they are shut in during the coronavirus pandemic.  Wayfair said in a press release that when it entered March, gross revenue growth …

Wayfair shares surge 37% as coronavirus drives sales of office furnitureRead More

As coronavirus spread to the US, Clorox shares soared

Bleach maker Clorox has become a safe haven for investors at an uncertain time. As U.S. stocks tanked in the face of a spreading coronavirus pandemic, shares of Clorox hit highs not seen since the early 1970s. It is a nice boost for a company that was just months ago faced with fallout from stiffening competition …

As coronavirus spread to the US, Clorox shares soaredRead More

Hasbro shares soar as CEO cites ‘great demand’ for toys

Hasbro stock was soaring Monday morning after CEO Brian Goldner told CNBC that the company was experiencing strong demand during the coronavirus pandemic.  “Overall we are seeing great demand in our products,” Goldner said on “Squawk Box.” “In fact, our supply chains are back up and running in China,” he added.  Shares of Hasbro were up more …

Hasbro shares soar as CEO cites ‘great demand’ for toysRead More

China’s JD.com to buy back $2 bln shares, Retail News, ET Retail

China‘s JD.com Inc said on Tuesday it would buy back up to $2 billion of its shares, after the e-commerce company estimated a growth in sales in the current quarter that has been ravaged by the coronavirus outbreak. JD said it expects to fund the buyback, to take place over the next 24 months, with …

China’s JD.com to buy back $2 bln shares, Retail News, ET RetailRead More

Travelex owner’s shares fall 65% due to coronavirus impact | Business

Shares in the embattled owner of Travelex have crashed by 65% after the firm said the coronavirus outbreak was affecting its ability to access enough cash to keep the foreign currency business running smoothly. Finablr said travel restrictions designed to limit the spread of Covid-19 had weakened demand for its services and disrupted the transport …

Travelex owner’s shares fall 65% due to coronavirus impact | BusinessRead More