Updated Guidance On Rapid Systems In Stores Online

Shares jumped more than 9 per cent to 241p today after funding secured March - May sales across the group were up 106 per cent to £120.1million  Shares in online fashion upstart Boohoo jumped more than 9 per cent today as investors saw an opportunity for rapid growth in the firm's £50million share placement to fund a new mega-warehouse.  Boohoo, which recently bought US retailer Nasty Gal and Pretty Little Thing, said it needs more warehouse capacity and is seeking £50million from investors to put towards the £150million required to build the new facility.  A company's share price usually falls when there's a placement as it increases the total number of shares, plus it can be an indication that a company is struggling

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