IN BRIEF: boohoo Founder Carol Kane buys around PS1 million in shares

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boohoo Group PLC - Manchester-based online retailer - Says Founder Carol Kane buys 6.9 million shares at 14.50 pence each on Wednesday, which totals around £1 million. This results in a total interest of around 2.0% in the company for Kane, or 27.8 million shares. The purchase follows boohoo on Tuesday reporting a widened pretax loss for its continuing operations during its most recent financial year, while it pursues a sale of youth brand PrettyLittleThing as part of a targeted ‘multi-year turnaround’ for the company.

Current stock price: 15.58 pence, closed up 7.3% in London on Wednesday

12-month change: down 40%

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