Shoppers likely to be pausing after 2014 spree – London Report March 9, 2015 BRITISH Retail Consortium (BRC) retail sales figures for February are likely to show shoppers took a pause after a spending spree in the fourth quarter of last year. The figures, due out overnight tonight, are forecast to follow similar data from the Confederation of British Industry, which showed softer spending in February. The CBI data [...]
Inside track February 23, 2015 DFS, THE latest company to brave an Initial Public Offering (IPO) in the prickly London market, is quite rightly not taking too many risks when it comes to pricing its issue. Yesterday, bank advisers, which include Jefferies, UBS and Numis (when is Numis not on one of these mid-cap size deals?) indicated they would price [...]
Asos share price rises following positive end to 2014 January 13, 2015 The figures British online fashion retailer Asos ended 2014 on a very positive note, with the Christmas period pushing sales up by 15 per cent in the six weeks to 9 January. The news caused shares to rise by 7.1 per cent to £26 when markets opened this morning, and they were still performing [...]
Boohoo in tears as shares hit by profit warning January 7, 2015 BOOHOO’S shares plunged more than 40 per cent yesterday after the online fashion retailer issued a profit warning, blaming heavy discounting across the UK high street. The company, which made its debut on London’s junior market in March, said price cuts by high street rivals looking to shift jumpers and coats following warm autumn weather [...]
Analyst Views: What was your reaction to Boohoo’s trading update? January 7, 2015 ALISTAIR DAVIES | INVESTEC Boohoo’s statement highlighted a competitive and challenging UK market, resulting in slower-than-anticipated sales growth. International saw an encouraging rebound in ROW, reflecting benefits from price reinvestment, with Europe delivering mixed results. Lower sales growth… led us to cut our forecasts materially. MATTHEW MCEACHRAN | N+1 SINGER Boohoo has delivered 25 per [...]
FTSE rebounds on expectations of European QE – London Report January 7, 2015 Britain’s top equity index gained nearly one per cent yesterday, rebounding from a three-week low as Eurozone consumer price data raised expectations of new stimulus from the European Central Bank. The blue chip FTSE 100 index, which had fallen in the last three sessions and hit its lowest since mid-December on Tuesday, finished 53.32 points, [...]
Boohoo share price plummets to record low as etailer issues profit warning January 7, 2015 Boohoo's share price has plummeted by around 40 per cent after the etailer issued a profit warning this morning. Although the fast fashion etailer said it had a record week over Black Friday, when demand was 2.4-times higher than its previous busiest day, it warned that full year results would be below market expectations. [...]
FTSE 100 closes 0.3 per cent up (but fell 2.7 per cent in 2014) December 31, 2014 The FTSE 100 ended the year at 6,566.09 points, 0.3 per cent higher than yesterday's close, as trading ended early on New Year's Eve. However, the index was 2.7 per cent down on the beginning of the year, as equities were rocked by headwinds from global markets. Alastair McCraig, a market analyst at IG, pointed [...]
Just Eat shares plummets as founding shareholders sell 7.7 per cent stake December 3, 2014 Takeaway site Just Eat became the biggest faller on the FTSE 250 this morning, after its founding shareholders sold a 7.7 per cent stake in the company. Shares fell 8.64 per cent to 309p in mid-morning trading as it emerged shareholders including Index Ventures, SM Trust and Vitruvian Partners sold off part of their share [...]
£106m Quantum IPO puts Zeus Capital over £1bn raised November 27, 2014 Zeus Capital has advised on over £1bn worth of funds raised on Aim this year, after securing £106m for Quantum Pharma’s float next month. Quantum, the County Durham-based firm, is set to become the biggest pharmaceutical and biotech float on Aim this year with a valuation of £125m when its shares begin trading on 11 [...]