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Boohoo targets double-digit profit growth as Debenhams turnaround gains momentum

Market News
16 Jun 2026
Proactive Investors
View Source
Bullish
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Boohoo Group, now trading as Debenhams, expects double-digit adjusted earnings growth this financial year driven by its marketplace model shift. Group gross merchandise value (GMV) grew 0.5% in Q1, with strong May growth of 8%, continuing into June. The company aims to reduce net debt below 1x adjusted EBITDA by year-end and cut lease payments significantly. CEO Dan Finley highlighted completed restructuring phases and forecasted further profit growth and sustained free cash flow, building on a 35% EBITDA increase last year and profitability across all brands.

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BlackRock Canada updates risk levels for some iShares ETFs and renames a bond ETF.

BlackRock Canada updates risk levels for some iShares ETFs and renames a bond ETF.

BlackRock Asset Management Canada announced changes to the risk levels of certain iShares ETFs effective June 19, 2026. The iShares India Index ETF and iShares 20+ Year U.S. Treasury Bond Index ETF (in CAD) have their risk levels lowered from medium-...

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Bunker Hill Mining director Mark Child resigns amid mine redevelopment progress.

Bunker Hill Mining director Mark Child resigns amid mine redevelopment progress.

Bunker Hill Mining Corp. announced the immediate resignation of director Mark Child, who contributed to advancing the restart of the historic Bunker Hill Mine in Idaho. The company thanked Child for his service during a key redevelopment phase and wi...

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4 hours ago
America’s Car-Mart secures lender agreement for covenant relief to support strategic review process.

America’s Car-Mart secures lender agreement for covenant relief to support strategic review process.

America’s Car-Mart, Inc. has amended its Credit and Guaranty Agreement with lenders to gain covenant relief and extend the timeline for its ongoing strategic review. This amendment waives certain defaults and provides a runway through September 2026,...

Company Fundamentals
Neutral
4 hours ago
BlackRock Canada updates risk ratings for select iShares ETFs and renames a bond ETF.

BlackRock Canada updates risk ratings for select iShares ETFs and renames a bond ETF.

BlackRock Asset Management Canada has revised the investment risk ratings for three iShares ETFs, lowering the risk for the iShares India Index ETF and the Canadian dollar units of the iShares 20+ Year U.S. Treasury Bond Index ETF from Medium to High...

Market News
Neutral
4 hours ago
EEM ETF charges 0.69% fees vs 0.09% for similar IEMG, costing investors more with little extra benefit.

EEM ETF charges 0.69% fees vs 0.09% for similar IEMG, costing investors more with little extra benefit.

The iShares MSCI Emerging Markets ETF (EEM) charges a 0.69% annual fee, significantly higher than the 0.09% fee of its similar counterpart, the iShares Core MSCI Emerging Markets ETF (IEMG). Both funds offer nearly identical exposure to emerging mark...

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