Asos boss Nick Robertson sells £20m-worth of shares January 28, 2015 Asos boss Nick Robertson has had a lucrative afternoon. The founder and chief executive of the hugely succesful etailer has sold nearly 750,000 shares, worth more than £20.2m. The shares were sold at an average price of just over 2,716p each. It puts January pay day into perspective for the rest of us. [...]
Shazam joins billion dollar startup club after $30m funding round January 21, 2015 Music recognition service Shazam has closed a $30m (£19.8m) round of investment valuing the London-based firm at over $1bn (£659m). It makes Shazam one of just a handful of tech startups to emerge from the UK with a $1bn price tag attached. The new investment will be used to expand the service into new markets [...]
Primark sales soar 15pc but Associated British Foods warns lower sugar prices will hit profits January 15, 2015 Primark will not do enough to offset the fall in sugar prices and currency headwinds for parent company Associated British Foods, which is expecting a "marginal decline" in adjusted earnings per share for the year. Total revenues at ABF grew three per cent for the 16 weeks to 3 January, with Primark providing the bulk [...]
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 [...]
Inflation falling after price wars over Christmas – London week ahead January 11, 2015 CONSUMER price inflation figures for December, due out tomorrow, will shine a light on to what extent falling oil prices and intense retail competition have boosted spending power in the UK. Analysts says the fall in inflation is likely to have been tempered by the fact that there was more retail discounting than usual in [...]
Boxing Day sales kick off early online at Amazon, John Lewis, Currys, Harrods, Next and Debenhams December 24, 2014 Amazon is kicking off its Boxing Day sale on Christmas Day. That’s right, you can start hunting for deals if Santa didn’t bring what you wanted before you’ve even had time to digest Christmas dinner. But there are also a host of retailers waiting to open their doors to sale shoppers on Boxing Day that [...]
Christmas 2014: Amazon delivering until December 24, while Marks & Spencer, House of Fraser and Asos face capacity problems December 16, 2014 Worried you've left it too late to order Christmas presents online? You need to get your skates on if you want to avoid paying for special delivery, but some retailers are offering premium services up to the last minute. A new survey of retailers has found a number of businesses that promise to deliver [...]
The UK has the most valuable online shopping market in the developed world December 12, 2014 The UK spends more money per head online than any other developed country, with the average Brit spending £2,000 per year on the likes of Amazon, Asos and John Lewis. In the UK, 59 per cent of people said that they had use online shopping at least once a week to buy products, according to [...]
Brits spend £2,000 on online goods December 11, 2014 PEOPLE in the UK spend an average of £1,968 online on goods from the likes of Amazon, Tesco and Asos every year, far more than people in the US, France or South Korea. Australia followed in second place with an average spend of £1,356 and the US came in third with an average spend of [...]
Asos sales slow as strong pound dampens international growth December 9, 2014 Online fashion retailer Asos suffered a slowdown in sales in the first quarter of the year, after the strong pound dented its international business. The company said its total retail sales rose eight per cent to £246m in the three months to 30 November, down from a 15 per cent rise the previous quarter. [...]