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The Guardian - UK
The Guardian - UK
Business
Alex Hawkes

Blacks falls further amid refinancing fears

Outdoor retailer Blacks Leisure was under further pressure this morning, its shares slipping 15% after Friday's announcement that it was seeking to raise capital.

Blacks said on Friday that it had enough money to keep going until at least February when "there may be a need to raise more capital if we want to roll out more stores".

The shares fell 34% on Friday, and a further 15% today as investors continued to sell. The shares were worth 9p at 11:25.

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