US hedge fund Citadel takes 5% stake in Boohoo
Boohoo Group
39.41p
17:05 31/05/23
-4.85%
-2.01p
Boohoo shares rallied on Wednesday as it emerged that US hedge fund Citadel had taken a 5.04% stake in the fast-fashion retailer.
FTSE AIM 100
3,728.91
17:04 31/05/23
n/a
n/a
FTSE AIM All-Share
782.77
17:04 31/05/23
n/a
n/a
General Retailers
3,862.89
17:14 31/05/23
-0.18%
-7.02
Headquartered in Chicago, Citadel is majority owned by billionaire founder and chief executive Ken Griffin.
At 0955 BST, Boohoo shares were up 3.5% at 57.09p.