One of the largest investors in fast fashion giant Boohoo has slashed its stake.

Rowe Price International now has a holding of just under 5% in the Manchester-headquartered group, down from 9.7%.

The firm had been the largest institutional investor in Boohoo and its second overall, behind co-founder Mahmud Kamani.

Other mayor investors in Boohoo include Norges Bank Investment Management, Invesco Advisers, Inc and Jupiter Asset Management Ltd.