Asos founder and chief exec to step down from fashion giant September 1, 2015 ASOS founder and boss Nick Robertson is expected to announce his departure from the top job at the fashion website this morning. Robertson, who set up the company, one of the UK’s most high-profile tech success stories in 2000, has told the board he wants to step down from the top job but remain on [...]
Black Friday UK 2015: Amazon, Currys PC World, John Lewis and Asos to be winners – while AO World, Home Retail Group and Game Digital will be losers November 18, 2015 Black Friday is less than 10 days away (27 November for those who haven't marked it in their calendar/had it tattooed on their forehead) and UK retailers are falling over themselves to get the sales bonanza right. Some, like Asda and fashion brand Jigsaw, have walked away from the discount day. But others are planning to [...]
Next’s share price is riding high after its trading update – but analysts’ reactions are a mixed bag August 3, 2016 The markets have responded positively to Next's second quarter update this morning, after the company announced sales were up 1.8 per cent so far this year – but analysts' reactions have been mixed. Augustin Eden, a research analyst at Accendo Markets said investors "shrugged off a disappointing trading update" as Next's share price rose after the [...]
The top 20 companies Brits want to work for – Google, Apple, John Lewis, and Asos top LinkedIn’s most in demand employers list October 22, 2015 People are scrambling to work at tech behemoth Google more than any other company in the UK, while high-street favourite John Lewis is the British company people most want to work for, according to figures published today. Google, famous for fun offices and free food among many perks, has topped LinkedIn's annual ranking of the most in demand employers [...]
Worldpay shrugs off Brexit concerns as bumper earnings send shares higher August 9, 2016 Worldpay shares have nudged last year's peak today after the company reported better-than-expected earnings and declared a maiden interim dividend of 0.65p per share. The UK's largest payments processor reported a rise in first-half underlying earnings and pre-tax profit. It follows a disappointing first full year for the firm as a listed company. For the six months to [...]
Chris Froome forced to run up Mont Ventoux as Tour de France takes extraordinary turn July 14, 2016 Britain's Chris Froome kept hold of the yellow jersey despite being forced to run up part of the iconic Mont Ventoux climb in one of the most extraordinary incidents in Tour de France history. The defending champion took to jogging after being knocked off his bike towards the end of the stage and finding that [...]
Asos goes from annus horribilis to the height of fashion July 21, 2015 Online clothing retailer Asos has seen a major turnaround in its fortunes over the past year. Despite being hit be several profit warnings and a major fire at its Barnsley, Yorkshire, depot, retail sales for the four months to the end of June increased 27 per cent in the UK, while international sales were up [...]
UK bricks and mortar retailers lack relevant e-commerce experience at board level, claims report April 12, 2016 British retailers lack relevant e-commerce experience on the boards, a new study by a leading global executive search firm has found, putting them at risk of falling further behind by their online-only rivals. According to DHR International, only five per cent of executive directors at the leading UK-listed bricks and mortar retail companies have an online background, placing the high street at a [...]
Koovs’ share prices leaps by a third after sales at Indian online retailer beat forecasts April 5, 2016 Koovs' share price leapt this morning after the Indian-focused online retailer said sales almost tripled last year to hit £10m for the first time. The company, which was founded four years ago by former Asos chairman Lord Waheed Alli, said sales jumped by 189 per cent to 981m Indian rupee (£10m) in the year to 31 March. Visitors to [...]
What slowdown? New Look is bucking the high street’s trend, as profits leap June 7, 2016 Here's one retailer making hay while the sun shines: New Look, beloved of budget fashionistas, has reported a jump in profits – despite slowing confidence on the high street. The figures In a statement this morning, the UK's second-largest women's clothing retailer said revenues rose 5.4 per cent to £1.49bn in the year to the end of March, while pre-tax profits [...]