Fimalac builds £500m digital ad firm with Jellyfish deal November 5, 2019 Fimalac, the group owned by French billionaire Marc Ladreit de Lacharrière, has bought a majority stake in London-based digital marketing agency Jellyfish as it seeks to compete in an increasingly online advertising landscape. Fimalac data-driven marketing specialist Tradelab will be merged with Jellyfish, the companies said, to create a combined entity with a market capitalisation [...]
Asos doubles down on Black Friday after profit dives 68 per cent October 16, 2019 Asos has vowed to boost its Black Friday discounting this year after a “disappointing” attempt in 2018 weakened the fashion retailer’s bid to attract new customers. The online marketplace offered a 20 per cent discount to consumers on the annual shopping event last year, however today the firm admitted its offer had been “uncompetitive” compared [...]
Asos profit falls by two-thirds as expansion costs push up debt October 16, 2019 Profit at Asos fell by 68 per cent in the year to August as the UK fashion giant took a hit from a major overhaul of its business model and costly international expansion. The online retailer blamed the drop on a costly operational expansion into Europe and the US which was fraught with problems including [...]
City Moves for 9 October – Who’s switching jobs at Made, Sir Robert McAlpine, Pantheon October 9, 2019 Today’s City Moves includes Made, Sir Robert McAlpine and Pantheon Made Leading European design brand Made has announced the appointment of Nicola Thompson as the company’s new chief operating officer (COO). In the newly-created role, Nicola will be responsible for merchandising, logistics and supply chain, customer service and customer experience functions. Nicola joins Made after [...]
Asos to appoint Ocado boss to board as it plots leadership shake-up October 1, 2019 Asos is set to announce a raft of new boardroom appointments as it looks to rebuild investor confidence after a series of profit warnings. The online retailer will tomorrow announce several new non-executive directors, including Luke Jensen, the chief executive of Ocado’s tech solutions arm, Sky News reported. Read more: Asos profit warning: Three factors [...]
City Moves for 11 September – Who’s switching jobs at Ovo Energy, RPC and Axiom Stone? September 11, 2019 Today’s City Moves includes Ovo Energy, RPC and Axiom Stone. Ovo Energy Independent energy provider Ovo Energy has appointed David Allison (pictured) and Rich Jones as technology director and product director, respectively. David joins following nine years at Hotels.com, where he was the senior director, technology. In his new role at Ovo, David will lead [...]
London startup Snyk secures $70m from Facebook investor Accel September 10, 2019 Cybersecurity firm Snyk has raised $70m (£56.7m) in funding, led by venture capital stalwart Accel, to fuel the next stage in its international expansion. The round was also supported by existing investors GV and Boldstart Ventures. It follows a $22m investment in September last year, taking the London and Boston-based startup’s total amount raised to [...]
Oasis and Warehouse buy London menswear website September 10, 2019 The Oasis and Warehouse group has moved into menswear for the first time with the acquisition of a London-based online fashion brand. The Idle Man, which is headquartered in Shoreditch, was founded in 2014 by former Asos buyer Oliver Tezcan. The e-commerce platform sells men’s brands and its own labels. Read more: Oasis and Warehouse [...]
Dividends for AIM-listed firms soar to record heights September 9, 2019 The dividends paid by companies listed on the stock exchange’s Alternative Investment Market (AIM) exchange reached record highs in the first half of the year, and are on track to beat 2018’s record full-year total of £1.1bn. First-half AIM dividends climbed 23.9 per cent year on year to £633m, according to new figures from Link [...]
Boohoo shares soar as online retailer boosts full-year guidance September 5, 2019 Shares in online retailer Boohoo soared to an all-time high this morning after the fast fashion firm increased sales growth guidance for the year. Boohoo’s share price was up 15.37 per cent to 280.7p after the company announced sales growth would be between 33 per cent and 38 per cent, against previous guidance of 25 [...]