Investment Comment: Taking Aim with your Isa investments August 6, 2013 AT THE beginning of this week, the government removed an unpopular restriction on Individual Savings Accounts (Isas). Now, for the first time, investors with the confidence to select individual shares for their stocks and shares Isa are able to invest in companies listed on the junior Alternative Investment Market (Aim). Preventing investors from putting Aim [...]
M&S clothing head joins Asos October 10, 2012 AIM-listed fashion retailer Asos this morning confirmed the appointment of ex-Marks & Spencer executive Kate Bostock. Bostock, former head of general merchandise at M&S, will join Asos in January as executive director for product and trading. Bostock announced her departure from M&S in July after a period of poor trading, although she did not officially [...]
Asos boss denies bid talks as the retailer posts soaring profit October 25, 2012 ASOS boss Nick Robertson yesterday dismissed talks of a bid by Amazon after the online fashion firm posted soaring sales abroad. He poured cold water on speculation that he had met with Amazon boss Jeff Bezos saying “I have not spoken to Amazon in three years.” The retailer, which has changed its year-end from March [...]
Analysts give mixed welcome as Bostock joins Asos board October 10, 2012 ANALYSTS yesterday welcomed the long-anticipated announcement that Asos has hired Kate Bostock to join its ranks but questioned whether the former Marks & Spencer executive would fit into the online retailer’s culture. Asos confirmed that Bostock, would join its board in January as executive director, product and trading. Bostock stepped down from her role as [...]
Former Amazon UK head set to take Asos chair October 1, 2012 ONLINE fashion retailer Asos revealed yesterday it has hired the former managing director of Amazon UK to be its new chairman, replacing Waheed Alli, who will step down after 12 years with the firm. Brian McBride, who spent six years at the helm of Amazon’s UK business, will succeed Lord Alli at the beginning of [...]
Asos defies downturn to make sales gains in UK and overseas September 19, 2012 ASOS cheered investors with accelerating sales growth in the UK over the summer, helping boost its shares 1.8 per cent yesterday. The online fashion retailer brushed off the malaise seen on the British high street to report 15 per cent growth in UK takings to £49.9m for the three months to 31 August. This takes [...]
ASOS bucks the retail gloom as revenue jumps July 10, 2012 SHARES IN ASOS rallied more than 10 per cent yesterday after the fast-growing online fashion retailer outshone its bricks-and-mortar peers and posted a 31 per cent rise in first-quarter sales. The internet shopping site targeted at fashionable 20-somethings said trading was buoyed by a strong performance in the United States and Australia as well as [...]
Best of the Brokers January 8, 2013 TUI TRAVEL Morgan Stanley yesterday downgraded the travel company from “equal weight” to “underweight” with a target price of 250p, expecting seasonal losses to be higher due to an accounting change and poor cash flow. However, the analyst still sees Tui Travel as a “well-managed business, with strong market shares in European tour operating” that [...]
Best of the Brokers January 2, 2013 DOMINO’S PIZZA Numis upgraded the takeaway pizza business to “buy” from “add” and keeps its target of 625p, believing the company is likely to generate strong growth in 2013. Numis expects to see new developments, such as a gluten free menu and higher ecommerce advertising, greater expansion with new stores in the UK and the [...]
Asos first quarter sales rise by 31 per cent July 10, 2012 Online fashion retailer ASOS posted a 31 per cent rise in first-quarter retail sales, buoyed by a strong performance in the United States and Australia and an improving UK. The retailer, which targets young women wanting to emulate the designer outfits of celebrities, said on Tuesday retail sales rose to 137 million pounds in the [...]