Stunned shoppers have slammed Morrisons over its 'shockingly expensive' Halloween pumpkins. The supermarket is selling its 'giant' pumpkins for an eye-watering £8.99 - with some customers believing the price 'must be an error'.
18.10.2022 - 14:19 / manchestereveningnews.co.uk
A global investment giant has become the second largest shareholder in Boohoo after it snapped up shares in the Manchester-headquartered fashion group.
JP Morgan has acquired a 5.1% stake in the group, according to newly-filed documents with the London Stock Exchange. The move means it is now the largest institutional investor in the group.
T. Rowe Price International is now the third largest investor, having slashed its stake from 9.7% to 5% in August.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
Boohoo's largest single shareholder remains co-founder Mahmud Kamani.
Other mayor investors in Boohoo include Norges Bank Investment Management, Invesco Advisers, Inc and Jupiter Asset Management Ltd.
The move comes after higher returns and cost-of-living pressures on customer spending led to Boohoo falling to a loss and its sales slumping during the first half of its financial year.
The group made a pre-tax loss of £15.2m for the six months to August 31, 2022, compared to a £24.6m profit during the same period in 2021.
Boohoo also reported a 10% drop in its revenue to £882.4m.
The group recently announced Kourtney Kardashian Barker as its newest ambassador with a focus on sustainability.
Boohoo said the entertainment personality and the CEO and founder of Poosh will release two collections that have been created "in tandem with a journey of investigation into opportunities for creating a more sustainable fashion future".
The news came after it was announced in July that eco-friendly and sustainability claims made by ASOS, Boohoo and George at Asda are to be investigated by the Competition and Markets Authority (CMA).
READ NEXT:
Sudden closure of vegan burger bar founded by influencer
Stunned shoppers have slammed Morrisons over its 'shockingly expensive' Halloween pumpkins. The supermarket is selling its 'giant' pumpkins for an eye-watering £8.99 - with some customers believing the price 'must be an error'.
Tributes are pouring in for BBC Dragons' Den star Drew Cockton who has tragically died at the age of just 36.
A Japanese technology investment giant has sold all its shares in Manchester-headquartered software and retail group THG to co-founder Matthew Moulding and Qatar's sovereign wealth fund.
Residents have been left 'gutted' after a 30ft golden statue of a naked man that 'brought Hollywood to Ince' was suddenly taken down.
Blink-182 have added an extra London show to their 2023 UK and Ireland tour – tickets will be available here.On Tuesday (October 11), it was revealed that the band had reunited with Tom DeLonge to release new music and embark on a huge world tour. The trio released the single ‘Edging’ yesterday (October 14), with a full album also in the works.Next September, Blink-182 will hit the road in the UK/Ireland and Europe with The Story So Far appearing as their support act.
Manchester has been named the second 'unhealthiest' area in England according to new research.
Paul Heaton and Jacqui Abbott enjoy a second Number 1 album as a duo with their fifth studio record N.K-Pop.
Gemma Atkinson and Gorka Marquez have been together for almost five years, and got engaged on Valentine’s Day last year. But when we ask Gemma about their wedding plans, it’s fair to say the couple are decidedly laid-back. "There have been a few times now where we’ve driven past a registry office and said, ‘Shall we just go in and do it? Yeah, let’s do it!’" says Gemma, 37.
Dermot Kennedy has also announced the dates for his 2023 UK and European tour.‘Innocence and Sadness’ is a powerful, piano-led offering that will feature on his second studio album, ‘Sonder’ – due for release on November 4. The release of the track has also been accompanied by an acoustic performance shot live from Mission Sound Studios in Brooklyn, New York.“It’s impossible for me to express how much this song means to me,” Dermot said of the single.
Despite knowing the news himself for almost 24 hours, it appears Gorka Marquez didn't let slip the Strictly Come Dancing results to his young daughter. Following his latest stint on the BBC One show alongside celebrity partner Helen Skelton, the dancer returned home to Greater Manchester to spend some quality time with Mia and his fiancee Gemma Atkinson.
Cristiano Ronaldo made no comment on scoring the 700th goal of his club career after helping Manchester United beat Everton 2-1 at Goodison Park on Sunday evening, focussing on the win itself instead.
Victoria Beckham sparked debate again as she toasted a triumphant time at Paris Fashion Week. As the Spice Girl turned world renowned fashion designer was joined by her loving family last week for her first ever Paris runway show, some followers questioned the choice of a black lace camisole dress for daughter Harper, 11.
Holly Willoughby was flooded with compliments as she appeared in a series of throwback snaps posted on Instagram. But it wasn't the This Morning star who posted the glamourous images.
Michelle Keegan set Instagram alight as she posted a new snap. The former Coronation Street star looked stunning as she posed for a 'rare selfie' as she got glammed up this week.
Over a dozen homes in east Manchester had their gas supply turned off for the second time in a matter of days after heavy rain caused a pipe issue.
A teen driver who killed a biker after missing a red light has walked free from court. Joesph Moffat smashed into speeding biker Christopher Gage after noticing he was in the wrong lane and making the 'rash decision' to turn in the road.