London Report: German finance figures to come under spotlight September 21, 2014 THE FLOW of macroeconomic data will slowdown significantly over the coming week, with the key risk events moving towards the Eurozone. In particular, investors will be watching out for the latest manufacturing sector purchasing managers’ indices from the euro area. Economists at Credit Suisse indicated that a half-point increase in the PMI would be consistent [...]
Best of the Brokers for 18 September 2014 September 17, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BOOHOO Shore Capital has initiated coverage with a “Buy” rating and a target price of 73p. Shore thinks Boohoo is one of the cheapest stocks in the high growth online fashion retail sector, with upside potential and a sourcing model providing unrivalled level [...]
Photobox boss Stan Laurent: The man driving Moonpig’s growth story September 14, 2014 By the end of April, it became clear to Stan Laurent that London’s doors were effectively closed to new consumer-facing internet companies. There had just been the perfect storm of disastrous market debuts from Just Eat and AO World, along with two profit warnings from Asos that triggered a sell-off in shares of fellow fashion [...]
Boohoo share price soars after reporting accelerating sales growth September 12, 2014 Boohoo's share price soared six per cent this morning after revealing revenues will be up nearly a third for its first half. The etailer, which went public in March, is expecting revenues to rise 31 per cent to £67m for the six months to August 31, it said in a trading update this morning, [...]
Asos share price surges on reports of US buyout August 27, 2014 Shares in online fashion retailer Asos soared yesterday on unconfirmed reports that a US company is eyeing a stake in the business. Asos shares, which have fallen by almost two-thirds this year after two profit warnings and a fire at its main warehouse, jumped 17 per cent to 2,751p, pushing up other online players, including [...]
Top Boohoo staff get share awards July 7, 2014 ONLINE fashion retailer Boohoo has granted share options to senior managers for a total of 988,000 shares. The company, which listed on Aim in March, said the options granted had a vesting period of three years, a total exercise period of 10 years, and will be subject to the firm hitting certain goals. Its shares [...]
MySale flops on market debut after a share pricing faux pas June 16, 2014 MYSALE, the online fashion retailer 25 per cent owned by Sir Philip Green’s wife Tina, tanked on its market debut yesterday after an error on its listing price. Shares were priced at 226p but were inadvertently listed at 2.26p, sparking automated selling of the stock as trading programmes reacted to the lowball price by selling [...]
Short sellers in dash to bet on Saga share price fall June 9, 2014 HEDGE funds are queuing up to bet on a further fall in the share price of newly-floated companies like Saga and AO World amid renewed scepticism in the new issues market, statistics show. Short sellers, who borrow shares from other investors to make gains when the price falls, currently have close to one per cent [...]
London Report: Economic data puts focus on UK housing market and growth June 9, 2014 ECONOMIC data out this week is set to shine a light on the UK’s steady return to health after the recession. The Office for National Statistics will tomorrow release April’s manufacturing data, which is forecast to show a 0.3 per cent rise in output. Construction output data – also likely to show a rise for [...]
After share price crash Asos warns on profits and investors slam Morrisons June 5, 2014 SOME of Britain’s biggest retailers were left reeling yesterday after a profits warning from Asos spooked investors and supermarket bosses came under a fierce verbal attack from angry shareholders. Asos shares crashed 31 per cent, wiping £1.2bn off its market value, after the online fashion retailer warned that a strong pound and a rise in [...]