So, Mike Ashley's Frasers Group has upped its stake further in online retailer Asos to 22.8pc whilst also increasing the shareholding in rival digital fashion firm Boohoo to 15.1pc.
The dual stakebuilding does raise questions about whether Ashley, a well-known gambler, is ultimately plotting a bid for both companies.
Little old Betaville, though, assumes one of these stakebuildings could be a head fake.....
There has been more double stakebuilding from maverick retail billionaire Mike Ashley.
Today Frasers Group - which Ashley founded and controls - announced it had increased its stake in ASOS, the London-listed online fashion retailer, to 19.8pc from 19.3pc. Below is a link to today's announcement:
So, today the British retail tycoon Mike Ashley showed that he has increased his stake in another London-listed online fashion retailer - Boohoo.
Or rather Frasers Group - the retail giant Ashley has built over the last twenty years and still controls - now owns 9.1pc of Boohoo. Below is a link to today's announcement:..
The stakebuilding in Boohoo by Ken Griffin, one of America's biggest hedge fund tycoons, continues despite a collapsing share price.
This morning Citadel, Griffin's firm announced it had increased its stake in the London-listed online retailer Boohoo to almost 5.4pc from 4.7pc. Below is the link to the announcement:..
Suddenly Boohoo's purchase of a 7.1pc stake in Revolution Beauty doesn't look so smart.
The online beauty retailer's shares have just collapsed almost 40pc after the company said: " it does not expect to be able to release audited results for FY22 by 31 August 2022."..
It would appear Ken Griffin's Citadel has just bought a rather large slice of Boohoo, the controversial online fast fashion retailer.
According to a regulatory announcement, Citadel - which is controlled by Griffin, one of America's wealthiest hedge fund tycoons - now owns just over 5pc of Boohoo. Below is the link:..
There was some cracking work done by friends and former colleagues at The Sunday Times and the Mail on Sunday this weekend.
Jamie "Nimmers" Nimmo dug out multiple decent lines on the Bulb situation, including a scoop about British Gas owner weighing a takeover bid for ailing energy...
The Mail on Sunday's business section splash was rather well timed.
Luke Barr and Francesca Washtell, two hard working young Mail hacks, ran a piece about how BP had come under fire from all quarters about its 20pc holding in Russian oil group Rosneft. Then several hours later the FTSE 100 oil giant announced its going to sell its whole stake in the business. Below is a link to Barr and Washtell's piece:..
Harriet Dennys, a colleague two times over, had a decent line in this weekend's Mail on Sunday that would appear to speak to the theme aired on Betaville recently that some the big London-listed companies that raised money over the summer will once again be tapping up shareholders for fresh funds.
Below is a link to Harriet's piece, which would seem to suggest that easyJet might look to raise cash by issuing new shares or a convertible bond...