London Stock Exchange Group buoyed by rise in volumes – but Aim still suffering June 25, 2015 Things were looking up for London Stock Exchange Group (LSEG) in the five months to the end of May – although volumes were less encouraging on its junior market. The figures New issues on LSEG's main markets were up 29 per cent in the period, while average daily UK equity value traded was up eight per [...]
Analyst Views: How has Asos’ update changed your outlook for the company? September 16, 2014 JOHN STEVENSON | PEEL HUNT Do we still see this business getting to £2bn-£3bn of turnover? Yes. Is the profit outlook at that level of turnover materially different than we thought it might be? Yes. FREDDIE GEORGE | CANTOR FITZGERALD After this update and the revision to 2015 forecasts, there will inevitably be questions over [...]
London Report: Fears over Scotland and Asos statement pull down markets September 16, 2014 BRITAIN’S top share index fell yesterday, with financial stocks underperforming as investors showed reluctance to buy up new positions before tomorrow’s Scotland independence referendum. The FTSE 100 index closed down by 0.2 per cent, or 11.97 points, at 6,792.24 points, with a fall in major financial stocks weighing on the market. Retail shares took a [...]
Asos slumps to 18-month low August 5, 2014 SHARES in online clothing retailer Asos hit an 18 month low yesterday after Liberum said it expected shares to fall a further 38 per cent in coming months as its first mover advantage was eroded by market competitors. Asos’ shares have fallen 62 per cent since the start of the year in the wake of [...]
Marks & Spencer leading the FTSE losers: Why clothing boss John Dixon’s departure gives M&S two major headaches July 17, 2015 Marks & Spencer is leading the FTSE 100 losers this morning, after it confirmed its executive director of general merchandise John Dixon had quit. M&S' share price opened down, and has continued to tumble throughout early trading. At pixel time, itwas down 1.3 per cent. When Dixon took up the role in [...]
A healthy office space is fundamental for success July 7, 2015 Over one million people in the UK suffer from work-related illnesses every year, according to a recent study from the Institute of Health and Care Excellence (NICE), and the resulting cost to the economy is huge. Read more: London’s new crisis: A shortage of offices will do immense damage While the influence of office [...]
Start it in your late 30s, and keep your founding team in place: How to create a $1bn tech startup “unicorn” – and why London has created eight in the past year June 15, 2015 Want to own a $1bn (£644m) tech firm (yep, us too)? Get some experience, and start the business when you're in your late 30s, new research has suggested. The research, by investment banking firm GP Bullhound to mark London Tech Week, provides a step-by-step guide to getting that $1bn tech "unicorn" off the ground. Here's [...]
Asos share price falls 13.7pc following poorer than expected sales growth September 16, 2014 Asos share price plummeted this morning following news of a poorer than expected sales growth for the three months ended August, with a warning that profits will not grow during the next financial year. Shares fell by 13.7 per cent to 2,092 pence on Tuesday, compared to Monday's value of 2,382 pence. The [...]
US data and high street giants lead for coming week – London Report March 29, 2015 INVESTORS this coming week will be digesting a flurry of global economic data and corporate results from a number of prominent UK retailers. The focus is likely to continue to be on US economic indicators, given recent concerns about a slowdown in growth in the first quarter, such as consumer confidence, spending and personal income. [...]
General Election 2015: 103 business leaders sign anti-Labour letter March 31, 2015 Over 100 business leaders have warned that a Labour government would "threaten jobs and deter investment" in a letter to be published in The Telegraph tomorrow. The letter, signed by 103 business bosses, praises the Conservative government which it says has "been good for business and has pursued policies which have supported investment and job [...]