Why ASOS just dived to a multi-month low June 26, 2019 | City Talk By Graeme Evans from interactive investor. With an impressive recovery in 2019 unwinding in spectacular fashion, how far will the shares fall? A downgrade for ASOS (LSE:ASC) shares yesterday flagged margin pressures as the former high-flying stock attempts to drive global expansion in the face of fast-fashion rivals including Boohoo (LSE:BOO). The note from UBS analyst Olivia Townsend suggests that recent [...]
Here’s why Boohoo shares are climbing higher May 2, 2019 | City Talk By Graeme Evans from interactive investor. Stock markets are struggling on boohoo's results day, but the retailer is defying the gloom. Fast fashion is back in vogue on the London market, with well-received results from Boohoo adding to euphoria over a spectacular 2019 for shares in AIM-listed rival ASOS (LSE:ASC). Their recent turnaround follows an [...]
Three children of Asos tycoon killed in Sri Lanka massacre April 22, 2019 The billionaire owner of online fashion giant Asos has lost three of his four children in the Sri Lanka bombing attacks. A spokesperson for Anders Holch Povlsen, Denmark’s richest man, confirmed this morning that three of the retail tycoon’s children were killed in yesterday’s Easter massacre. "I can confirm that three children have been killed. We [...]
Fashion retailer Asos sees profits tumble in first half of 2019 April 10, 2019 British online fashion retailer Asos saw its profits slump in the six months to 28 February in its first interim results since it issued a warning over tough trading conditions in December. Read more: Asos bosses snap up cheap shares after day of horror The figures Asos’s profit before tax collapsed to just £4m for [...]
ASOS and Bonmarche in share price collapse March 25, 2019 | City Talk By Graeme Evans from interactive investor. Investors in these two high-profile retailers ran for the hills following the latest trading updates. While ASOS (LSE:ASC) and Bonmarche (LSE:BON) operate in two very different retail worlds, the pair have plenty in common from an investor viewpoint after their December profit warnings were followed by more disappointment last [...]
Burford Capital: AIM’s biggest firm still growing fast March 21, 2019 | City Talk By Graeme Evans from interactive investor. This AIM star is already big enough to make the FTSE 100, but City analysts argue it is worth even more. The extraordinary story of Burford Capital (LSE:BUR) continued in earnest today as the AIM market's biggest stock delivered another record year of significant profits growth. With shares up [...]
Hermes bags profit boost as demand from Asia drives surge in sales March 20, 2019 Luxury bag maker Hermes has posted double-digit profit growth for the full year as rising demand in Asia helped boost sales across all business lines. Read more: Asos confident on full-year targets despite 'challenging' markets The figures Hermes’ net profit rose 15 per cent to €1.4bn (£1.2bn). Consolidated revenue was up 7.5 per cent to [...]
Online retailer Asos confident on full-year target despite sales dipping below growth forecast March 19, 2019 Asos was bullish on hitting its downgraded full-year targets today as it revealed double digit sales growth for the three months to the end of February. Read more: Asos bosses snap up cheap shares after day of horror The online retailer saw revenue rise 13 per cent year on year over the quarter, it revealed in [...]
MPs urge government to slap penny tax on new clothes in bid to cut fashion industry waste February 19, 2019 An influential group of MPs has called for a 1p tax on new clothes in a bid to tackle consumer waste within the fashion industry. The penny tax, which would be levied on every new item of clothing sold by Britain’s retailers, has been proposed this morning by the cross-party Environmental Audit Committee to raise [...]
Digital marketing agencies Forward3D and PMX Agency to form global brand January 15, 2019 Digital marketing firm Forward3D is merging with PMX Agency to create a new global brand, the company said today. London-based Forward3D, whose clients include Asos, Virgin and Calvin Klein, will merge with US firm PMX to form ForwardPMX. Read more: Unlimited Group unveils alliance with German and Japanese agencies The combined agency will have a pool [...]