A look at the day’s major movers, including IG Group, Boohoo, Thor Mining, Regency Mines and European Metals
Bigblu Broadband PLC () lost 4% to 105.25p in mid-morning trades as it reported higher debt than expected in a full-year trading update.
The satellite wireless specialist said that while borrowings were in line with guidance over the course of the year, they spiked to £14.2mln due to “short-term timing issues” and exceptional costs associated with a legacy agreement.
Management said they are “extremely confident” the debt will be reduced in the short term, while trading for the year met expectations although customers dipped 3% to 110,000 at the end of the period.
Holdings PLC () also dipped in the region of 4% to 663.8p after reporting lower half-year revenues due to declining online trading in the second quarter.
The FTSE 250-listed group said it expected net trading revenue to be £250mln for the six months to 30 November, compared to £251mln last year.
This meant that revenue was down to £120.9mln in the second quarter, compared to £129mln in the first quarter of this financial year and £122.1mln in the second quarter last year.
() dipped 4% to 284.1p after co-founders Mahmud Kamani and Carol Kane sold a combined 50mln shares in the company.
Kamani, who is executive chairman of the online fashion retailer, sold 35mln of his shares at a price of 285p apiece to institutional investors. He retains a 13.1% holding.
Kane, who stepped back…