UK company profit warnings at three year high, says report July 27, 2014 The number of profit warnings issued by FTSE 100 companies was at a three-year high in the first quarter, according to a report by Ernst & Young. In its quarterly Analysis of UK Profit Warnings report, the consultancy firm revealed that companies listed on the London Stock Exchange issued a total of 74 warnings [...]
Asos share price: Retailer shrugs off warehouse fire as website reopens June 23, 2014 Asos shares rose two per cent yesterday as the online fashion retailer reassured investors and said it had resumed taking orders following a fire at its main warehouse this weekend. The fire at its Barnsley warehouse in South Yorkshire on Friday night forced the company to suspend its website over the weekend and sparked fears [...]
Analyst Views: Are you concerned that the fire will dampen Asos’s performance? June 23, 2014 JOHN STEVENSON | PEEL HUNT Damage has been relatively limited and the business in now fully operational again, while Asos is fully insured for the damage and business interruption…Moving on from the fire, the same concerns are still there, there are still issues in terms of the relative pricing. It’s still very much a year [...]
Why Asos shares have shrugged off warehouse fire damage news June 23, 2014 Despite slumping by around three per cent in early trading, Asos shares have seen a recovery after Friday's warehouse fire. Traders have been waiting until today to respond to a fire at the company's Barnsley distribution centre, where around 70 per cent of the company's total stock is held. South Yorkshire Police are treating the [...]
5 retailers who’ve suffered warehouse woes June 23, 2014 Retailers have had their fair share of misadventures with their warehouses in recent years. The fire at Asos’ distribution centre in Yorkshire is the second time the retailer has suffered damage to one of its warehouses. An explosion at the Buncefield oil depot near to its former site in Hemel Hempstead in 2005 [...]
Asos share price drops by 3pc after Barnsley warehouse fire June 23, 2014 After a fire at its Barnsley distribution centre, shares in online fashion retailer Asos dropped by more than three per cent this morning as trading resumed after the weekend. The warehouse fire saw the site closed for orders this weekend, and despite being "fully insured for loss of stock and business interruption" the company's stock [...]
Asos suspends website after warehouse fire June 23, 2014 ASOS will this morning attempt to reassure investors after a fire at its main warehouse in Yorkshire forced the online fashion giant to suspend trading on its website. More than 50 firefighters and 10 fire engines were sent late on Friday night to put out the blaze at Asos’ 530,000 square feet distribution centre in [...]
The perfect fit: Meet Girl Meets Dress co-founder Xavier de Lecaros Aquise June 23, 2014 Harriet Green talks true grit with Girl Meets Dress co-founder Xavier de Lecaros Aquise. Advocates of the sharing economy, otherwise known as collaborative consumption, claim that it is finally reaching a mainstream audience. Earlier this month, for example, the government announced reforms to outdated legislation, ending long-running questions over the legal status of ultra short-term [...]
Index Ventures eyes up London for £325m fund June 10, 2014 INDEX Ventures, which invested in the recently floated Just Eat and King, will today unveil its seventh early stage fund as the venture capital firm increasingly looks to London for startups with an ambition to become global leaders in their fields. While the new £325m fund would be spread over investments across Europe, the US [...]
Best of the Brokers for 09 June 2014 June 9, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com THOMAS COOKBerenberg have launched coverage of Thomas Cook Group with a “buy” rating and a target price of 200p. The broker believes that while there are structural challenges in the tourism industry, management efforts at Thomas Cook are likely to lead to improved [...]