Postponement for David Beckham after two firms he backed were wound up on positive updates following a stock price slump
Football star David Beckham scored a much-needed victory after positive news from two companies he supports.
Shares in Cellular Goods and Guild Esports have plummeted since their London listing, resulting in major paper losses for the former England captain.
But Cellular, which makes skincare and other wellness products using chemicals from cannabis plants, rose 116.7 percent, or 0.7 pence, to 1.3 pence after announcing a contract with beauty and cosmetics retailer Sephora to promote its “Look Better range to market.
Own goal: Shares in Cellular Goods and Guild Esports have plummeted since listing on the London Stock Exchange – resulting in heavy losses for David Beckham (pictured with wife Victoria)
It will be the first cannabis-based skincare brand on Sephora’s UK website.
The rise in share boosted Beckham, Cellular’s fourth-largest investor through DB Ventures, which owns a 3 per cent stake, worth around £195,000.
Beckham, who is married to former pop star Victoria, saw a positive update from Guild Esports, a competitive video game team in which he owns a 4.7 percent stake.
For the six months to the end of March, losses fell to £2.3m, from £5m the year before, and sales increased from £1.1m to £3.7m.
Shares rose 3.3 per cent, or 0.03 pence, to 0.78 pence, valuing Beckham’s holding at £191,673.