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