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Birmingham Post

Business

Jon Robinson

musicMagpie bosses double down on their investment in bid to demonstrate 'confidence and excitement' amid 'volatility'

musicMagpie Ian Storey BusinessLive

Top bosses at musicMagpie have doubled down on their investment in the business in a bid to demonstrate their "confidence and excitement" in the firm amid "volatility" in the market.

Chief executive and co-founder Steve Oliver, along with his wife Catherine, has sunk about £250,000 into the company to snap up almost 480,000 additional shares.

The move comes after the Stockport-headquartered firm's share price has fallen from 162.5p since March 1 to 52.5p after a further 16% drop today (Tuesday, March 22).

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