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 [...]
Britain’s Facebook is already here but we lack the tools to identify it February 18, 2013 IT’S been described as “the $4.2 trillion (£2.7 trillion) opportunity”. According to the Boston Consulting Group, there will be 3bn internet users globally by 2016. If it were a nation, the internet-based economy would rank in the world’s top five. And the UK sits at the forefront, with 8.3 per cent of GDP now online [...]
The Tipster | Punch Drunk January 14, 2013 ALTHOUGH shares in J D Wetherspoon are up by 24 per cent over the last year, continued pressure on its margins, and no major sporting events in 2013, mean that it may not be a cheerful year for the pub chain. ETX Capital quotes a price of 516.22p-519.78p. Shares in ASOS more than doubled in 2012. [...]
G7 fails to halt currency wars February 12, 2013 INTERNATIONAL leaders yesterday failed in their attempt to reassure investors that a currency war would not be allowed to escalate, after a joint-statement failed to convince analysts and prompted sharp fluctuations in the foreign exchange markets. Finance ministers of the Group of Seven leading nations, known as the G7, sought to reaffirm their “commitment to [...]
Markets lap up Irish debt as state recovers January 8, 2013 THE EUROZONE’S bailout fund raised funds successfully yesterday, issuing three-month debt at negative yields, indicating strong support for the paper. And Ireland’s government took a big step towards recovery, easily covering a €2.5bn (£2.04bn) issue of debt maturing in 2017. It received orders totalling over €7bn, a strong reception for the state’s first long-term issuance [...]
THE TIPSTER | ASOS hoping for a change of look May 21, 2012 ASOS took something of a beating when it released its trading statement last month, dropping 17 per cent. The hitherto-relentless growth in sales was revealed to have slowed somewhat, even though international sales continued to show excellent growth. ASOS has become a slave to its own excellent performance, and it will need a strong showing [...]
Asos profit surge fuelled by overseas sales May 24, 2012 Online fashion retailer ASOS met forecasts with a 43-per cent rise in year profit as stellar growth overseas offset a weaker home market. The firm, which targets 16 to 34-year-old women looking to emulate the designer looks of celebrities such as Alexa Chung, Tulisa Contostavlos and Kate Moss, said on Thursday it made a pretax [...]