Summer glow essentials April 18, 2011 Get the look 1 YSL Volupte Sheer Candy Glossy Lip Balms, £21 at Harrods. www.harrods.com 2 Nars Velvet Gloss Lip Pencils, £17.50 each at John Lewis, House of Fraser and Selfridges 3 Urban Decay stardust eyeshadow in Griffith, £15, www.asos.com 4 Benefit Bella Bamba blush, £23.50, www.benefitcosmetics.co.uk 5 Clinique Chubby stick in chunky cherry, £14.00, [...]
BEST OF THE BROKERS April 14, 2011 ASOS JP Morgan rates the online retailer “neutral” but has raised its target price from £13.20 to £19. The broker was pleasantly surprised by ASOS’s sale growth in the last three months of the financial year, which more than offset extra investment in promotional offers. JP Morgan thinks the rise in expenditure is already paying [...]
Asos sees overseas growth fuel profit April 13, 2011 ONLINE fashion retailer Asos yesterday said its sales were “flying” in overseas markets as the web defies the downturn on the high street. The firm said retail sales increased 70 per cent to £93.4m in the three months to 31 March, its financial fourth-quarter. That compares with a rise of 59 per cent in its [...]
FTSE rallies after banks and retailers deliver good news April 13, 2011 THE UK’s top share index closed higher yesterday, boosted by retailers and banks after a sell-off on Tuesday described as “overblown”. At the close, the FTSE 100 was up 45.97 points, or 0.8 per cent at 6,010.44, recouping half of Tuesday’s 1.5 per cent drop and recapturing the 6,000 level. Banks gained after better-than-expected results [...]
UK companies set to unlock profit out of global growth April 13, 2011 TOM Ewing is the engaging and energetic manager of Fidelity’s UK Growth fund, which has over half a billion pounds under management. The 34 year old scours the country looking for undervalued companies that are able to tap into the increasing wealth of consumers in emerging markets. From the powerhouses of the FTSE, down to [...]
Asos profit estimated at top end April 13, 2011 online fashion firm ASOS said full year profit was likely to be towards the top end of expectations after a jump in fourth quarter sales. The fast-growing firm said retail sales increased 70 per cent to £93.4m in the three months to 31 March, its fiscal fourth quarter. That compares with a rise of 59 [...]
TUI in £30m blow from Africa crisis February 3, 2011 TRAVEL group TUI said yesterday the unrest in Tunisia and Egypt could cost it up to £30m as the holiday destinations effectively became no-go zones. The company, Europe’s largest travel operator, said that the bill from the Egypt crisis was likely to be £25m with Tunisia denting its figures by £5m. The warning came as [...]
A NIGHT TO CELEBRATE SUCCESS January 26, 2011 THERE’S little that cheers the soul better after a lingering recession than a roomful of entrepreneurs, and last night’s Quoted Company Awards were no exception, as banks and brokerages gathered to cheer on their new and growing clients. Companies in attendance ranged from a bevy of smart media startups, including nine-month-old Digital Theatre and acquisition-hungry [...]
ASOS surge driven by overseas sales January 19, 2011 SALES at online fashion retailer ASOS soared by 59 per cent over the Christmas period – with its international performance driving the company forward. Overseas sales jumped by 156 per cent while poor weather in the UK hit deliveries. The firm said UK retail sales increased 23 per cent to £56.3m, in the three months [...]
ANALYST VIEWS: WHAT IS DRIVING THE ADVANCE OF ASOS IN A TOUGH CONSUMER ENVIRONMENT? January 19, 2011 PHILIP DORGAN | ALTIUM SECURITIES With the launch of the US website going well, ASOS has accelerated its growth, as expected and management has reinvested margin gains in the offer, again, as expected. We are maintaining our ‘Hold’ recommendation. We are bullish that ASOS will hit its sales target, but think that the short-term outlook [...]