Zalando shares priced at €21.50 valuing German online retailer at €4.9bn September 29, 2014 German online retailer Zalando has announced the pricing of its shares at the upper end of expectations- €21.50 (£16.79)- kicking off a bumper week for the German technology market. The six-year-old startup will make its market debut on the Frankfurt Stock Exchange on 1 October, floating 11.3 per cent of the business to raise €605m [...]
Boxing Day sales kick off early online at Amazon, John Lewis, Currys, Harrods, Next and Debenhams December 24, 2014 Amazon is kicking off its Boxing Day sale on Christmas Day. That’s right, you can start hunting for deals if Santa didn’t bring what you wanted before you’ve even had time to digest Christmas dinner. But there are also a host of retailers waiting to open their doors to sale shoppers on Boxing Day that [...]
Slump for Asos despite stellar Christmas sales January 14, 2014 ASOS shares slid yesterday despite the online fashion retailer posting another set of glowing results, boosted by sales in Europe and a surge in UK customers clicking online in the run-up to Christmas. The retailer’s shares fell as much as seven per cent before closing down three per cent yesterday, with analysts pointing to an [...]
London Report: Scotland and MPC minutes the main focus for the City September 14, 2014 ALL EYES will be on the result of Thursday’s Scottish referendum, with market watchers keen to know whether or not the 300-year-old union will continue. As far as more normal risk events are concerned, the main one will be Wednesday’s release of the latest set of MPC meeting minutes. That will be complemented by the [...]
George Osborne braced for bad news on deficit reduction – London Report October 19, 2014 Public finance figures due out tomorrow are likely to be a blow to chancellor George Osborne, with tax receipts lowered by very low earnings growth. Economists predict that Osborne is now unlikely to meet fiscal targets for the year, despite improved economic activity, stronger house prices and an improved labour market. Howard Archer, of IHS [...]
How we can turn London’s thriving tech startups into billion dollar digital giants November 16, 2014 Just four years after the Prime Minister and the mayor of London launched the Tech City initiative, London now has one of the fastest growing technology sectors in the world. Visitors to any of its tech hubs will be struck by the industry and dynamism of the capital’s entrepreneurs and startups, driving innovation and change. [...]
Boohoo claims credit for online market success October 14, 2014 BOOHOO co-chief executive Carol Kane said the online fashion retailer’s success and recent IPO had acted as a wake-up call for other high street stores to improve their own online businesses, as it posted a jump in sales yesterday. Boohoo made its successful debut on Aim in March, with a market value of £560m, just [...]
Asos storms forward as Christmas sales leap 38pc January 14, 2014 Asos' stellar Christmas has demonstrated the draw of online shopping over the high street – the fashion giant saw sales jump 38 per cent to £36m in the four months ended December. Analysts had predicted a 35 per cent rise in sales over the festive period; the store said it's enjoyed "another strong Christmas", with [...]
The best places to look for Black Friday deals 2014: John Lewis, Amazon, Marks & Spencer, Very, Curry’s PC World and Halfords November 24, 2014 Retailers are gearing up for Black Friday to be one of – if not the – biggest online shopping day of the year, with hundreds of promotions being planned to tempt consumers to join the spending bonanza. According to the Centre for Retail Research, shoppers will spend £1.32bn over the four days between Black [...]
Photobox boss Stan Laurent: The man driving Moonpig’s growth story September 14, 2014 By the end of April, it became clear to Stan Laurent that London’s doors were effectively closed to new consumer-facing internet companies. There had just been the perfect storm of disastrous market debuts from Just Eat and AO World, along with two profit warnings from Asos that triggered a sell-off in shares of fellow fashion [...]