FTSE rallies after banks and retailers deliver good news April 13, 2011 THE UK’s top share index closed higher yesterday, boosted by retailers and banks after a sell-off on Tuesday described as “overblown”. At the close, the FTSE 100 was up 45.97 points, or 0.8 per cent at 6,010.44, recouping half of Tuesday’s 1.5 per cent drop and recapturing the 6,000 level. Banks gained after better-than-expected results [...]
UK companies set to unlock profit out of global growth April 13, 2011 TOM Ewing is the engaging and energetic manager of Fidelity’s UK Growth fund, which has over half a billion pounds under management. The 34 year old scours the country looking for undervalued companies that are able to tap into the increasing wealth of consumers in emerging markets. From the powerhouses of the FTSE, down to [...]
TUI in £30m blow from Africa crisis February 3, 2011 TRAVEL group TUI said yesterday the unrest in Tunisia and Egypt could cost it up to £30m as the holiday destinations effectively became no-go zones. The company, Europe’s largest travel operator, said that the bill from the Egypt crisis was likely to be £25m with Tunisia denting its figures by £5m. The warning came as [...]
Asos sales soar by 54 per cent July 14, 2010 ONLINE fashion retailer ASOS has posted a 54 per cent jump in first-quarter sales, fuelled by demand from abroad. The firm – which provides the latest fashions at cheap prices – made £61.7m of sales in the three months to 30 June. UK sales rose 32 per cent, while international sales were up 111 per [...]
BEST OF THE BROKERS January 5, 2011 OCADO UBS has downgraded the online grocer to “neutral” from “buy” with an increased target price of 197p, following share price gains and an improvement in valuations among Ocado’s peers such as Amazon and Asos. It adds that the trading statement due on 10 January will shed light on the firm’s progress since floating. BETFAIR [...]
Asos sales up as co-founder makes £15m July 14, 2010 THE co-founder of ASOS has made £15m by selling a fifth of his shares as the online retailer posted a 54 per cent jump in first-quarter sales yesterday, fuelled by demand from abroad. Nick Robertson, 40, who founded Asos with business partner Quentin Griffiths, sold 1,683,424 shares yesterday at 890p each. It his first major [...]
THE TIPSTER January 16, 2011 DISCOUNT pub group JD Wetherspoon has a trading update due out on Wednesday that should offer some insight as to the impact bad weather had on sales in the pre-Christmas period. A degree of this has presumably been priced in already although broker sentiment does seem to be building against the stock. IG Index is [...]
A NIGHT TO CELEBRATE SUCCESS January 26, 2011 THERE’S little that cheers the soul better after a lingering recession than a roomful of entrepreneurs, and last night’s Quoted Company Awards were no exception, as banks and brokerages gathered to cheer on their new and growing clients. Companies in attendance ranged from a bevy of smart media startups, including nine-month-old Digital Theatre and acquisition-hungry [...]
A NIGHT TO CELEBRATE SUCCESS January 26, 2011 THERE’S little that cheers the soul better after a lingering recession than a roomful of entrepreneurs, and last night’s Quoted Company Awards were no exception, as banks and brokerages gathered to cheer on their new and growing clients. Companies in attendance ranged from a bevy of smart media startups, including nine-month-old Digital Theatre and acquisition-hungry [...]
ANALYST VIEWS: WILL ASOS’ SUCCESS CONTINUE? June 9, 2010 JEAN ROCHE | PANMURE GORDON “Asos has delivered a better-than-expected set of preliminary results. Current trading is very strong and the company has revealed plans to develop a large warehouse, which has future capacity of over £1bn, taking it toward its stated aim of achieving £1bn sales in five years time. We reiterate our buy [...]