Boohoo Shares in Fashion After Latest Update

Investors warm to Aim-listed fashion retailer's latest update while Ted Baker is under pressure after reporting an accounting error

James Gard 3 December, 2019 | 11:56AM

Boohoo

Online fashion retailer Boohoo (BOO) has defied the sector slowdown once again, with shares surging after an upbeat trading update. The firm's fortunes contrast sharply with bricks-and-mortar retailer Ted Baker, whose shares hit a 10-year low on Monday after admitting an accounting error.

Boohoo has been one of the most high-profile names on the Alternative Investment Market (Aim) in recent years and its shares have hit record highs of 315p in the past week. The company, which recently acquired fashion brands Karen Millen, Coast, and MissPap, is backed by a number of top-rated UK fund managers.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Boohoo Group PLC295.30 GBX-2.86
Ted Baker PLC310.00 GBX-3.85

About Author

James Gard  is content editor for Morningstar.co.uk

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