Asos aims for £1bn as web sales thrive June 9, 2010 ONLINE fashion retailer Asos plans to invest £40m in its capacity after reporting a 44 per cent annual profit rise yesterday. The company is aiming to grow into a £1bn business within the next five years. It has signed a lease on a 1.2m sq ft warehouse in Barnsley as part of the strategy. Asos [...]
Asos aims for £1bn as web sales thrive June 9, 2010 ONLINE fashion retailer Asos plans to invest £40m in its capacity after reporting a 44 per cent annual profit rise yesterday. The company is aiming to grow into a £1bn business within the next five years. It has signed a lease on a 1.2m sq ft warehouse in Barnsley as part of the strategy. Asos [...]
BEST OF THE BROKERS October 5, 2010 NATIONAL GRID JP Morgan Cazenove considers the Ofgem decision on the framework for the next transmission and gas distribution to be a friendly move for National Grid’s shareholders. The broker gives the energy giant a “neutral” rating and says the new finance director may offer a fresh look at the financing challenges facing National Grid [...]
BEST OF THE BROKERS October 5, 2010 NATIONAL GRID JP Morgan Cazenove considers the Ofgem decision on the framework for the next transmission and gas distribution to be a friendly move for National Grid’s shareholders. The broker gives the energy giant a “neutral” rating and says the new finance director may offer a fresh look at the financing challenges facing National Grid [...]
BEST OF THE BROKERS November 9, 2010 SPIRAX SARCO RBS rates the engineering group a “hold” with an increased target price of £19.25. The broker has upgraded its full year 2010 earnings per share forecasts by four per cent following a healthy interim management statement, and sees sales growth of five per cent in 2011 with strong growth in Asia. ASOS Singer [...]
Supergroup November 10, 2010 WHEN investors look back over 2010, they’ll see a graveyard of failed IPOs. Merlin, New Look and Travelport couldn’t even get away; those that did, such as Ocado and Promethean, haven’t lived up to expectations. One of the flotations that stands out from the crowd is Supergroup, which appears to be living up to its [...]
ASOS remains firmly in fashion April 20, 2010 Online fashion retailer ASOS yesterday said it expects full-year profit to meet market expectations after annual sales rose a third and said the new year had started well, helped by continued growth overseas. The firm, which targets internet-savvy 18-34 year olds looking to emulate the designer looks of celebrities like Kate Moss, Sienna Miller and [...]
New Look to raise prices as the cost of cotton rockets November 11, 2010 BUDGET retailer New Look yesterday warned that its prices would be hiked by up to eight per cent as the cost of cotton continued to surge. The company, which provides cut-price fashions to young shoppers, saw UK sales drop 4.5 per cent in the 26 weeks to 25 September. Chief executive Carl McPhail said price [...]
It’s snow fun for the shops, but a winter wonderland for gas December 5, 2010 WITH THE great freeze ongoing this morning, a lot of people will not be too happy struggling through the cold to work. 73 per cent of companies had staff off work last week, and many more undoubtedly will have failed to get to work today. The costs of cold weather to the economy are far [...]
NATIONAL BUSINESS AWARDS CELEBRATE VERY BEST OF BRITISH November 9, 2010 “CELEBRATING” the Best of British was how Prime Minister David Cameron described the National Business Awards last night, speaking via a video link recorded before his trip to China this week. And a fine celebration the ceremony was too, honouring companies of all sectors and sizes across the UK economy, from niche tiddlers such as [...]