Boohoo shares fall as online fashion retailer warns on recovery
The company, which includes PrettyLittleThing and Nasty Gal in its brand portfolio, reported revenue of just over £729m for the six months to the end of August.
Shares in online fashion retailer Boohoo ended 5.5% lower after revenue fell 17% in its first half and said a slower-than-expected recovery in sales volumes could result in little or no top-line improvement for the full year.
The shares at one stage plunged 10% on the downgrade, sinking to their lowest level since 2015, after it posted a pre-tax loss of £9.1m in the period.
