Reflections on Tulchan’s demise at Marks & Spencer February 14, 2013 FOUR weeks ago I asked Andrew Grant of Tulchan a simple question. Had his firm been fired from the retailer Marks & Spencer as its external financial public relations adviser, following the leaking of its annual results which forced their rushed and premature publication? Grant, rightly known for being courteous, well-informed and straightforward, responded that [...]
Best of the Brokers December 9, 2012 ASOS Panmure Gordon has reiterated its “buy” rating on the fashion retailer and upped its target price from 2800p to 2875p after an analyst site visit, saying it had “enormous potential”. BERKELEY GROUP Northland UK has a “buy” rating with a target price of 1750p, adding cash generation at the firm’s sites left it well [...]
Best of the brokers December 5, 2012 WILLIAM HILL Nomura rates the bookie “reduce” with a target price of 260p. The broker thinks the firm’s exit from Greece will cost one per cent of 2013 earnings, and believes a deal to buy Sportingbet would be “excellent”. HOME RETAIL Morgan Stanley has an “overweight” rating on the Argos owner and a price target [...]
UK consumer price index is forecast higher January 13, 2013 UTILITY prices are expected to have lifted the UK’s consumer price index (CPI), the household spending index due out tomorrow along with a swathe of housing and retail data. “We expect CPI inflation to have edged up to 2.8 per cent year on year in December from 2.7 per cent, and retail price index (RPI) [...]
Asos boss receives £25m shares bonus as retailer profits double May 24, 2012 NICK Robertson, the co-founder and chief executive of Asos, has been awarded almost £25m worth of shares after the online fashion retailer reported a near doubling of profits and strong overseas growth. Seven executives at the company have pocketed £66m in shares after reaching all of the targets set out in a three-year incentive plan. [...]
Asos boss receives £25m shares bonus as retailer profits double May 24, 2012 NICK Robertson, the co-founder and chief executive of Asos, has been awarded almost £25m worth of shares after the online fashion retailer reported a near doubling of profits and strong overseas growth. Seven executives at the company have pocketed £66m in shares after reaching all of the targets set out in a three-year incentive plan. [...]
Asos hit as rate of growth dips in tough times April 26, 2012 ONLINE fashion retailer Asos yesterday reported a double whammy of a slowdown in sales growth, coupled with a drop in prices due to the reduction in spending power of its teenage customers. In the company’s fourth trading quarter in the three months to 31 March UK sales nudged up by only four per cent year-on-year. [...]
Best of the Brokers October 9, 2012 CAPITA Seymour Pierce has downgraded the FTSE 100 professional services company from “buy” to “hold” saying “there was not enough new information at the investor day presentation to warrant an increase in our target price”. The broker added that it was “ disappointed to hear international expansion does not feature greatly in the company’s plan”. [...]
What the other papers say this Morning October 9, 2012 FINANCIAL TIMES Channel Islands unite over deficits Guernsey and Jersey are setting aside centuries of rivalry to defeat a common foe: the budget deficit. Senior politicians on the two islands, which have struggled to balance their books since the onset of the financial crisis in 2008, are considering radical moves to combine public services, including [...]
What the other papers say this Morning October 9, 2012 FINANCIAL TIMES Channel Islands unite over deficits Guernsey and Jersey are setting aside centuries of rivalry to defeat a common foe: the budget deficit. Senior politicians on the two islands, which have struggled to balance their books since the onset of the financial crisis in 2008, are considering radical moves to combine public services, including [...]