We start this month's round-up with news of not just one but three new faces, all of which joined the market recently.First up is One Health Group (OHGR:AIM), a provider of NHS-funded medical procedures, which raised £7.8 million before listing costs through a placing of shares at 180p to fund its first surgical hub.The site is expected to deliver revenue of £6 million to £9 million per...

They say if you want something doing, ask a busy person, and few people have been busier over the past four months than Dan Finley, head of Manchester-based online fashion firm Boohoo (BOO:AIM).Since taking over as chief executive at the start of November, Finley has fought off a rearguard action by Frasers (FRAS) to install Mike Ashley in the CEO role, raised £39 million of fresh capital in...

The share price chart of online fast-fashion firm ASOS (ASC) is quite unnerving even for investors who don't own the FTSE 250 stock.Something has clearly gone very wrong since the start of the year, yet the news flow ? such as it is ? has been positive.In mid-January, the firm announced that, thanks to its new commercial model's success in reducing stock levels through FY23 and FY24, it would...

Just over five years ago the stock market began to react in earnest to news of the Covid pandemic.The sell-off was short and sharp, with a modest recovery from the lows in the spring followed by sharper gains in November 2020 after AstraZeneca (AZN) made a vaccine breakthrough.However, a large number of UK stocks are still trading below the levels they were at by the close of trading on 21...

Confidential settlement reachedChrysalis gets 'non-material sum'FCA investigation still ongoingShares in Revolution Beauty (REVB:AIM) soared 16% to 16p after the unloved cosmetics company agreed a settlement with disgruntled former shareholder Chrysalis Investments (CHRY).Investment trust Chrysalis had previously threatened legal action against Revolution Beauty, alleging the...

Shares in Mike Ashley's retail empire Frasers (FRAS) have fallen more than 15% in one month and are down almost 30% year-to-date, with investors worried about the UK consumer outlook and potential distractions from a boardroom battle with Boohoo (BOO:AIM) and overseas acquisitions dragging on the stock.An unexpected profit warning on 5 December, blamed on a Budget-induced dip in consumer...

Ashley blasts Boohoo's 'egotistical' founderFrasers' criticisms labelled 'superficial'Boohoo highlights 'credible' turnaround planBoohoo's (BOO:AIM) shares were bid up 2% to 36p after the struggling online fashion group revealed that Institutional Shareholder Services (ISS) has recommended shareholders reject Mike Ashley's bid to become CEO at the company's forthcoming general meeting (20...

When you purchase shares, you are not just buying numbers on a screen - you are becoming a part-owner of a business. It's important to remember this fact because, as a part-owner, you have a say in how the business is run and the ability to vote at annual general meetings (AGMs) and extraordinary general meetings (EGMs).AGMs provide a platform for shareholders to engage with the company's...

A year after fast-fashion sensation Shein was first thought to have filed registration papers for a UK IPO, reports suggest the company is targeting the first quarter of 2025 for a London float that could value the business at £50 billion.Shein's position as a fast-growing retailer expanding across multiple geographies and taking market share from established players ? it is no coincidence...

Underlying earnings up 18%Core product lines in growthDistribution wins with major retailersUnloved cosmetics company Revolution Beauty (REVB:AIM) swung from pre-tax profits of £400,000 to a £10.9 million loss after a one-off stock provision during a transitional half to August 2024.Why then, did shares in the beauty retailer rise 2% to 13.9p today (19 November)?Well, the company highlighted...

Frasers stake is a 'conflict of interest'Board representation calls rejectedKamani has 'no intention' of making offerStruggling online fashion group Boohoo (BOO:AIM) has accused Mike Ashley's Frasers (FRAS) of using its stake in the Debenhams-to-Karen Millen owner and other retailers to promote its own 'commercial self-interest'.The defiant comments came as Boohoo hit back at Frasers' demands...

CEO appointed from withinDan Finley transformed DebenhamsMike Ashley may yet flex his musclesChallenged online fashion retailer Boohoo (BOO:AIM) has shunned major shareholder Frasers' (FRAS) demand to install Mike Ashley as CEO and appointed internal candidate Dan Finley as its new boss instead.Finley has been running Boohoo's fast-growing online department store Debenhams since 2022 and...

Stocks in London closed lower on Friday, as a car finance probe weighed on the shares of Lloyds Banking Group, Barclays and Close Brothers.The FTSE 100 index closed down 19.13 points, 0.3%, at 8,248.84. The FTSE 250 ended up 29.36 points, or 0.1%, at 20,819.91, and the AIM All-Share lost 3.02 points, 0.4%, at 722.67.The Cboe UK 100 closed down 0.3% at 826.07 on Friday, the Cboe UK 250 ended...

Stocks in London were mostly lower at Friday midday, while the FTSE 250 turned to the red after Close Brothers shares fell as it announced it will appeal a court judgement to the UK Supreme Court.The FTSE 100 index traded down 10.40 points, 0.1%, at 8,258.98. The FTSE 250 was down 15.67 points, or 0.1%, at 20,774.88, and the AIM All-Share shed 1.80 points, 0.3%, at 723.85.The Cboe UK 100 was...

Debt deal characterisation 'inaccurate and unfair'Search for new CEO underwayFurther drama to unfoldHard-pressed online fashion group Boohoo (BOO:AIM) has given a robust response to Frasers' (FRAS) bid to install Mike Ashley as its new CEO, questioning whether putting the retail tycoon in charge would be in the interests of shareholders other than Frasers.Boohoo's bombed-out shares ticked up...

Frasers wants Mike Ashley as Boohoo CEOBoohoo board unresponsiveCompany owns 27% Boohoo stakeEmbattled online fast-fashion retailer Boohoo (BOO:AIM) jumped 3% on news its largest shareholder Frasers (FRAS) has requisitioned a general shareholder meeting to appoint Mike Ashley as CEO.Ashley has published an open letter after being stone-walled by Boohoo's board in his attempts to meaningfully...

The FTSE 100 made a bright start on Thursday, looking to break a four-day losing run, supported by well received earnings.The advance in London follows weak trading on Wall Street, where pre-US election and interest rate nerves hit stocks.The FTSE 100 index traded up 55.66 points, 0.7%, at 8,314.30. The FTSE 250 was up 25.76 points, or 0.1%, at 20,855.69, and the AIM All-Share added 1.40...

Strategic review launchedDebt refinancing agreedSales continue to slideAfter an inglorious five years with the group, John Lyttle is to step down as Boohoo (BOO:AIM) chief executive as the struggling online fashion retailer launches a strategic review to 'unlock and maximise shareholder value'.That is code for corporate restructuring and points to a sale or demerger of some of its assets.The...

Transformational year for beauty retailerFirst-half sales down by a fifthReturn to growth forecast for Q4Revolution Beauty's (REVB:AIM) share price chart looked ugly on Wednesday, the stock cheapening 11.5% to 16p after the cosmetics minnow unmasked a mixed first-half update including a worse-than-expected plunge in revenue.In the midst of a painful corporate makeover, the beauty retailer...

Posh handbag maker Mulberry (MUL:AIM) has rejected (1 October) a potential £83 million takeover proposal from Frasers (FRAS), Mike Ashley's sprawling retail conglomerate.Like Lord Wolfson's Next (NXT), Frasers is expanding its stable of brands through acquisitions of, and investments in, distressed retail assets and on 30 September, proposed a 130p cash offer for Mulberry. However, the...