Koovs revenues soar but losses widen December 22, 2015 Revenues at Waheed Alli's Indian etailer Koovs have rocketed in the six months to 30 September – but losses have widened as the firm expands. The figures Sales at the London-listed fashion business soared 144 per cent to INR199.2m (£2m), up from INR81.7m last year. But losses widened to INR570.6m, up from INR359.5m last year. The company said [...]
Best of the Brokers for 18 December 2015 December 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com TRINITY MIRROR Analysts at Liberum have reiterated a “buy” rating for Trinity Mirror despite the firm losing its appeal against the level of phone hacking damages awarded against it and increasing the level of provisions by £13m to £41m. Liberum reckon this is [...]
Three of the best business books to read this Christmas: Nothing says “glad tidings” like a book on nudge theory December 2, 2015 Whether you need help deciding how many mince pies it is optimal to eat this Christmas, or how John Lewis has survived revolutions in the retail sector, City A.M. has been compiling a list of some of the best business books to enjoy over the festive period. Here are three. THINKING IRRATIONALLY Historically, the [...]
Brown Thursday, Black Friday, Super Sunday, Cyber Monday 2015: When are the best deals going to be on offer? November 27, 2015 The UK has finally woken up to the pre-Christmas sales bonanza that has been building in the US for many years. Cyber Monday was the first to hit our shores, and, since 2009, has been the biggest single online sales day in the UK. But this year other US imports are gaining traction. What [...]
Black Friday 2015 UK deals: Amazon, John Lewis, Tesco, Currys PC World, Ebay, Carphone Warehouse and Asos sales are here November 26, 2015 Retailers up and down the UK are offering massive savings as part of the Black Friday sales. This year Black Friday will happen on Friday 27th November. However, some retailers have already started their week of deals. Outlets including Amazon, Argos, Very, Ebay have been running hundreds if not thousands of deals throughout the week. Others like Tesco, John [...]
Black Friday 2015 UK: The best fashion deals from Asos, Gap, Hobbs, Topshop, Harvey Nichols, Selfridges and many more November 26, 2015 Fashion-concious shoppers who are preparing to dip into their wallets for Black Friday will be able to choose from a range of high street shops to designer brands. November 27 is widely tipped to be the biggest shopping day of the year, with a number of estimates expecting tills to ring to the tune of £1bn in just 24 hours. Figures [...]
Black Friday UK 2015: Amazon, Currys PC World, John Lewis and Asos to be winners – while AO World, Home Retail Group and Game Digital will be losers November 18, 2015 Black Friday is less than 10 days away (27 November for those who haven't marked it in their calendar/had it tattooed on their forehead) and UK retailers are falling over themselves to get the sales bonanza right. Some, like Asda and fashion brand Jigsaw, have walked away from the discount day. But others are planning to [...]
Best of the Brokers for 18 November 2015 November 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com STANDARD CHARTERED Jefferies believes the $17bn revenues implied in Standard Chartered’s 2018 returns on an equity target of eight per cent will be “tough to achieve”, given the ongoing pressure at the bank. Five per cent returns would be more achievable in 2018 [...]
The top 20 companies Brits want to work for – Google, Apple, John Lewis, and Asos top LinkedIn’s most in demand employers list October 22, 2015 People are scrambling to work at tech behemoth Google more than any other company in the UK, while high-street favourite John Lewis is the British company people most want to work for, according to figures published today. Google, famous for fun offices and free food among many perks, has topped LinkedIn's annual ranking of the most in demand employers [...]
FTSE 100 trading marginally up on Whitbread and InterContinental Hotels Group results October 20, 2015 The FTSE 100 is swinging between minor gains and falls this morning as Whitbread and InterContinental Hotels Group (IHG) lead the pack, gaining 2.22 per cent and 3.72 per cent respectively at 9:00. Investors liked Whitbread's first half results, in which the company reported a pre-tax profit of £291.3m, up 13 per cent on the same period last year. [...]