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BREAKING NEWS

British online retailer Boohoo raises full-year forecast

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LONDON (Reuters) – British online fashion retailer Boohoo <BOOH.L> said it was trading ahead of expectations and now expected its full-year revenue to rise between 33% and 38%, ahead of its previous 25% to 30% guidance, which would deliver a corresponding rise in earnings.

The company, which reports first-half results on Sept.25, said on Thursday it expected margins to remain at around 10%, reflecting investments in the three brands it acquired in the first half.

(Reporting by Paul Sandle, editing by James Davey)

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