Best of the Brokers for 29 April 2015 April 28, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SUPERGROUP Berenberg has chosen Supergroup as its top pick in the retail sector and commended the owner of the Superdry brand for its transition from “a business with significant potential to one which is starting to deliver”. The broker reiterated its “buy” rating [...]
Sutherland snaps up SuperGroup shares March 31, 2015 FORMER Co-operative Group chief executive – and current SuperGroup boss – Euan Sutherland (insert) yesterday announced he was buying just over £99,000 worth of shares in the Superdry owner at 980.50p a share. He now holds 11,613 shares. Analysts have enthused about the clothes retailer. Analysts at RBC Capital upgraded shares of SuperGroup to a [...]
SuperGroup stuns investors with operations chief’s swift extraction February 12, 2015 THE OWNER of the Superdry clothing brand SuperGroup was hit during early trading yesterday after its operations chief Susanne Given’s shock departure from the firm. SuperGroup said her role would be “absorbed by the executive team”, with the heads of UK retail, IT and logistics reporting directly to CEO Euan Sutherland. In October Superdry founder [...]
Supergroup share price surges as Idris Elba takes centre stage March 26, 2015 SUPERGROUP, the maker of Superdry clothing, is roping in potential future Bond Idris Elba to help grow its business. The star of The Wire will collaborate on designing a premium fashion range for Superdry, the retailer revealed among a host of plans, which sent shares surging 6.2 per cent yesterday. In addition to the range [...]
SuperGroup CFO Shaun Wills forced to step down after being declared bankrupt February 25, 2015 SuperGroup's share price tumbled this morning after it emerged its chief financial officer has been forced to step down after being declared bankrupt. Shaun Wills, who had been in the role for nearly three years, has stepped down as a director of the company behind the SuperDry brand with immediate effect. It's not [...]
Best of the Brokers for 10 February 2015 February 9, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com SUPERGROUP Cantor Fitzgerald reiterated its “buy” rating on the clothing firm, and said the company was continuing to develop and broaden its ranges, which are “now recognised as premium product at competitive prices”. The broker added that “the toning down of the Superdry [...]
Developers confirm a start date for £440m Westgate Oxford shopping area February 9, 2015 Developers have confirmed that construction on a £440m Westgate Oxford retail and leisure scheme will start in spring, after four years of planning. The Westgate Oxford Alliance, a joint venture between Land Securities and The Crown Estate, said the new 800,000 square foot development will expand the existing Westgate in Oxford city centre by adding [...]
SuperGroup share price falls after surprise exit of chief operating officer Susanne Given February 12, 2015 SuperGroup's share price fell this morning after it revealed chief operating officer Susanne Given has left the company. Her role is being made redundant, with SuperGroup saying her responsibilities would be “absorbed by the executive team”, so the heads of UK retail, IT and logistics will report directly into chief executive Euan Sutherland. [...]
Supergroup shares surge after cold winter snap boosts demand January 14, 2015 SUPERGROUP’S shares surged yesterday as the owner of the Superdry fashion label said sales had rebounded over Christmas, helped by the onset of the cold winter weather. In a trading statement released ahead of plan, the retailer said like-for-like sales jumped 12.4 per cent in the 11 weeks to 10 January as customers snapped up [...]
After the record high FTSE falls on Weir warning – London Report February 25, 2015 THE FTSE 100 yesterday retreated from the previous session’s record high, with engineer Weir Group leading the market lower after warning about a significant drop in its revenue in the current year. The blue chip index closed down 14.25 points, or 0.2 per cent at 6,935.38 points after setting a new record high of 6,958.89 [...]