Best of the brokers for 06 September 2013 September 5, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com LAMPRELL Nomura has cut the oil services group from “neutral” to “reduce” and raised its target from 90p to 140p as part of a wider review of the sector. The broker thinks industry-wide earnings predictions for this year are around 15 per cent [...]
London Report: Retail gloom and US gridlock weigh on FTSE October 8, 2013 THE UK’S top share index slipped to three-month lows yesterday as weak data and downbeat analyst comments hit retailers and the fiscal deadlock in the United States kept broader sentiment subdued. In contrast to buoyant recent British data, retail sales growth slowed for a second month in September, according to BRC numbers. Analyst notes on [...]
Asos appoints M&S veteran Ian Dyson August 7, 2013 ASOS has replaced one Marks & Spencer veteran with another after hiring the high street chain’s former finance director Ian Dyson as a senior independent director. Dyson will join Asos’ board in October, the online fashion group said yesterday, just weeks after revealing that M&S’s ex-clothing boss Kate Bostock had left the firm. The 51-year-old [...]
The year in preview: Our in-depth guide January 5, 2014 City A.M.’s journalists take a wide-ranging look at what 2014 has in store for the world of finance and business BANKINGRestoring faith means costly overhaulsA CAUTIOUS optimism pervades the British and European banking system at the start of 2014. The incoming economic recovery is at last improving customers’ creditworthiness, while the hard work running down [...]
Kate Bostock returns to the high street as Coast boss August 20, 2013 KATE Bostock, former head of general merchandise at Marks & Spencer, is to make a return to the high street next month as chief executive of Coast, the womenswear brand confirmed yesterday. Bostock’s appointment comes just weeks after she stepped down from Asos after a short-lived seven month stint as executive director at the online [...]
Former M&S merchandising head to return to the high street after Asos fiasco August 20, 2013 Kate Bostock, former fashion head at Marks & Spencer, is returning to the high street next month as chief executive of privately-owned occasion wear retailer Coast, following an ill-fated and short-lived stint as executive director at online retailer Asos. The retailer confirmed the news to City A.M. on Tuesday afternoon. Bostock's appointment to head up [...]
Marks & Spencer enjoys French renaissance as Paris sales leap July 21, 2013 MARKS & SPENCER saw sales across the Channel jump fourfold last year after rekindling its love affair with France, more than 12 years after its retreat from Europe. Sales jumped 330 per cent to €28m (£24m) in the year to 30 March from £6.5m the previous year, accounts filed last week on Companies House show. [...]
Supergroup to launch its first stores in Turkey August 22, 2013 SUPERGROUP, the company behind the Superdry fashion label, is to make its first foray into Turkey after signing a deal with a local franchise partner to open stores in the country. The popular clothing brand, whose celebrity fans include Real Madrid goalkeeper Iker Casillas and singer Ed Sheeran, announced yesterday that it has signed a [...]
M&S’s new ad campaign will struggle to reverse slumping fashion sales August 21, 2013 YOU CAN visualise the meeting at Marks & Spencer’s headquarters when its new campaign, advertising its make-or-break Autumn collection, was finalised. An ad agency suggests the idea of female empowerment and the boardroom battleground. Any actual brand idea is forgotten, as the rolodex spins and agents are called. Actress Helen Mirren, artist Tracey Emin, author [...]
Kate Bostock to quit Asos after seven months July 16, 2013 KATE Bostock, the former head of clothing at Marks and Spencer, has quit her new employer Asos after just seven months at the online retailer. In a surprise statement yesterday, Bostock, who was executive director for product and trading, said she had concluded that “Asos isn’t the right place for me”. Nick Robertson, the founder [...]