The fast fashion company issued a note this morning confirming speculation that it would be raising capital in order to continue its restructuring process. Whilst the turn around plans remain on track and EBITDA growth targets are still very much in focus, the company needs additional liquidity. Management have committed their support and institutional investors will also be approached. Whilst the valuation has been squeezed a little this morning the stock is holding above the proposed new offer price. The Boohoo share price was down 8% in early trade.
The operator of multiple hotel brands including Holiday Inn and Crowne Plaza issued full year results this morning, posting good revenue growth of 7% and advising shareholders of some bumper returns with a 10% increase in the dividend and the launch of a new share buyback worth $950m. The company now has more than a million hotel rooms on offer globally, noting average daily room rates are up 0.8% whilst occupancy added 0.5%. The market gave the news a positive response with the global diversified nature of the company’s footprint adding further support. The IHG share price was up 2% in early trade although those early gains were looking difficult to sustain.
The communications technology company MTI Wireless Edge issued a trading update ahead of final results, advising the market that it now expects EPS to come in significantly above current expectations whilst cash generation was also strong. Management note that 2025 was a good year and all divisions made a strong contribution to performance. The MTI share price was up almost 15% shortly after the open.
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