Asos hires Capquest boss Helen Ashton as new chief financial officer April 14, 2015 The chief financial officer merry-go-round continues. Today, it's the turn of Asos, which has hired Helen Ashton to take on the role being vacated by Nick Beighton. Ashton, who is currently chief executive of debt management business Capquest, will join in September. She will join the board at the same time. Beighton has already moved [...]
General Election 2015: Ladbrokes chief Jim Mulllen slams business leaders over Telegraph letter including predecessor Richard Glynn April 2, 2015 The newly appointed boss of Ladbrokes has slammed 100 business leaders, including his predecessor, for signing a letter in the Daily Telegraph warning of the risks of a Labour government,. Jim Mullen, who took over from long-standing chief Richard Glynn just yesterday, has said Ladbrokes business is in taking bets on the General Election and [...]
Asos profit hurt after lowering prices overseas April 1, 2015 SHARES in Asos jumped as much as nine per cent yesterday after the online fashion giant drew a line under last year’s disastrous performance and posted a better-than-expected decline in first-half profit. The group, which targets twenty-something shoppers, had a rollercoaster year after a fire broke out at its warehouse in Yorkshire and international sales [...]
Manufacturing data help FTSE to bounce back after big falls – London Report April 1, 2015 DATA RELEASED yesterday showing that Britain’s manufacturing sector grew at the fastest pace in eight months prompted investors to buy equities on the first trading day of the quarter. The blue-chip FTSE 100 closed 0.5 per cent higher at 6,809.50 points after a 1.7 per cent slide on Tuesday that trimmed its first quarter gains [...]
General Election 2015: Labour letter responds to businesses chiefs backing Conservatives April 1, 2015 Labour has responded to a pro-Conservative endorsement signed by 100 business leaders with their own letter of support from what it claims is a true section of British society. The pro-Labour letter was signed by a mixed group including up to 50 low-paid workers on zero-hours contracts and creative industry workers such as designer Wayne Hemingway [...]
Asos UK sales soar but half year profit is cut by 10pc April 1, 2015 Asos' share price soared more than six per cent this morning after releasing a bullish statement for the rest of the year. The figures Asos has reported a rise in group revenue for the first half to 28 February, with group sales climbing. 14 per cent. UK retail sales soared 27 per cent but profit before [...]
More than 100 business bosses back vote for Tory government March 31, 2015 THE BOSSES of BP and the Prudential have today joined more than 100 of their fellow senior executives in declaring support for a Tory-led government in a letter published in the Daily Telegraph. The business leaders, who signed in a personal capacity, said that the present government has supported investment and job creation. “We believe a [...]
General Election 2015: 103 business leaders sign anti-Labour letter March 31, 2015 Over 100 business leaders have warned that a Labour government would "threaten jobs and deter investment" in a letter to be published in The Telegraph tomorrow. The letter, signed by 103 business bosses, praises the Conservative government which it says has "been good for business and has pursued policies which have supported investment and job [...]
US data and high street giants lead for coming week – London Report March 29, 2015 INVESTORS this coming week will be digesting a flurry of global economic data and corporate results from a number of prominent UK retailers. The focus is likely to continue to be on US economic indicators, given recent concerns about a slowdown in growth in the first quarter, such as consumer confidence, spending and personal income. [...]
Tough at the top: Will the FTSE giants fall from grace? March 26, 2015 From dividend cuts, to the accounting scandals just waiting to happen, SVM’s Colin McLean talks to Annabelle Williams about the potential pitfalls facing the UK market. The last few years have been tough for the UK’s biggest companies, as FTSE giants from supermarkets and banks, to insurers and oil majors, have come under pressure. [...]