AIM-pocalypse: Number of £1bn firms on junior market falls to nine-year low Investing Only six companies listed on London’s junior market AIM are worth more than £1bn, the lowest level for the exchange in nine years. The number of companies worth over £1bn has dropped by 80 per cent since the start of 2022 and almost halved over the last year, according to data from the London Stock [...]
Sell Asos and buy Currys says City broker Retail Analysts have backed Currys as their most preferred consumer stock of the year whilst warning investors away from struggling online marketplace Asos. Panmure Liberum analysts set a target price for Currys at 155p versus its current price of 94.25p. The tech retailer had a strong run last year, with its stock up more than 90 [...]
Mark Kleinman: Hold the Telegraph front page – then hold it some more Opinion Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles the Telegraph bid, Mike Ashley’s failed Boohoo approach and an oil deal in the North Sea I suspect you’d have got long odds on January 1 on the auction of The Daily [...]
Boohoo floats board seat to Frasers – as long as it’s not for Ashley or Lennon December 13, 2024 Boohoo's board has floated an olive branch to Frasers today with the offer of a board seat, but only if Mike Ashley or Mike Lennon are not the candidates put forward.
Frasers hits out at Boohoo’s Kamani over Mike Ashley appointment December 12, 2024 Glass Lewis's opposition comes after a similar recommendation made by Institutional Shareholder Services (ISS) last week.
Gymshark: Finance chief abruptly leaves apparel giant December 3, 2024 The chief financial officer of Gymshark has abruptly departed the business after two years in post. Mat Dunn joined the Solihull-headquartered company in December 2022, having been hired from Asos where he was chief operating officer and chief financial officer. He had previously worked as CFO at Robinsons squash maker Britvic and at South African [...]
UK companies are struggling to keep up with peers on growth November 28, 2024 UK companies are failing to keep up with international peers on sustained growth, data from Panmure Liberum has revealed. While practically all companies manage to create strong growth on occasional years, few companies have managed to keep growth going every year, noted Joachim Klement, investment strategist at Panmure Liberum. The longest streak on record for [...]
Cycling brand ASSOS of Switzerland hits Asos with legal action November 12, 2024 Premium cycling brand ASSOS of Switzerland has launched legal action to a British court against UK fast fashion giant Asos, City AM can reveal.
Asos: Loss widens but company optimistic on growth November 5, 2024 Asos has reported a steep drop in revenue but said its restructuring has created the foundations for a return to growth. The e-commerce giant reported an operating loss of £331.9m for the year to 1 September 2024, up £83.4m from a loss of £248.5m in 2023. Like for like, revenue fell by 16 per cent [...]
Boohoo hits back at Frasers after bid to install Mike Ashley as chief October 25, 2024 Boohoo has hit back at Mike Ashley’s Frasers Group after the retailer sent out an open letter yesterday vowing to install him as its new chief. The fast-fashion giant said it was making the announcement to issue “clarification” on matters raised by Frasers yesterday, including accusations of “long-term mismanagement” which has led to “value destruction“. [...]