Made.com Responds To Speculation, AO World Surges 11%, Supply@ME Reports Results Of Open Offer: Morning Roundup

Dive into the top stories from London Listed Stocks on Thursday…

Made.com

  • Made.com provided a response to press speculation regarding the possibility of the Group undertaking a capital raise.
  • The e-commerce firm stated, as indicated in the Q2 trading update, Made is considering all options to allow it to strengthen its balance sheet.
  • Made confirms that these options include a potential equity capital raise.
  • Shares of Made tumbled 9.31%.

AO World

  • AO World reported its final results for the year ended 31 March, which saw group revenue decline 6% YoY to £1.56 billion.
  • In addition, an EBITDA of £8.5 million was impacted by increased staff costs as well as marketing and logistics costs.
  • As for its outlook, AO stated Trading for the first quarter was in line with expectations. The company expects adjusted annual core profit to come in the range of £20 million to £30 million.
  • AO World shares surged 11% on Thursday.

Supply@ME

  • Supply@ME is pleased to announce the results of the open offer for new ordinary shares with a nominal value of £0.00002 each.
  • The company said it has received valid acceptances from shareholders in excess of the 641,710,082 made available.
  • The open offer has raised proceeds of £320,855.04.
  • The company will apply to the London Stock Exchange for the admission of 641,710,082 open offer shares to be trading on the Main Market.

Entain

  • Entain, the gambling firm behind Ladbrokes and Coral, could lose its license to operate in the UK.
  • This comes following the company being told to pay a record £17 million settlement over its inaction.
  • The Gambling Commission highlighted multiple failings in Entain’s online and high street business.

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