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 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.