UK companies set to unlock profit out of global growth April 13, 2011 TOM Ewing is the engaging and energetic manager of Fidelity’s UK Growth fund, which has over half a billion pounds under management. The 34 year old scours the country looking for undervalued companies that are able to tap into the increasing wealth of consumers in emerging markets. From the powerhouses of the FTSE, down to [...]
Asos profit estimated at top end April 13, 2011 online fashion firm ASOS said full year profit was likely to be towards the top end of expectations after a jump in fourth quarter sales. The fast-growing firm said retail sales increased 70 per cent to £93.4m in the three months to 31 March, its fiscal fourth quarter. That compares with a rise of 59 [...]
TUI in £30m blow from Africa crisis February 3, 2011 TRAVEL group TUI said yesterday the unrest in Tunisia and Egypt could cost it up to £30m as the holiday destinations effectively became no-go zones. The company, Europe’s largest travel operator, said that the bill from the Egypt crisis was likely to be £25m with Tunisia denting its figures by £5m. The warning came as [...]
A NIGHT TO CELEBRATE SUCCESS January 26, 2011 THERE’S little that cheers the soul better after a lingering recession than a roomful of entrepreneurs, and last night’s Quoted Company Awards were no exception, as banks and brokerages gathered to cheer on their new and growing clients. Companies in attendance ranged from a bevy of smart media startups, including nine-month-old Digital Theatre and acquisition-hungry [...]
ASOS surge driven by overseas sales January 19, 2011 SALES at online fashion retailer ASOS soared by 59 per cent over the Christmas period – with its international performance driving the company forward. Overseas sales jumped by 156 per cent while poor weather in the UK hit deliveries. The firm said UK retail sales increased 23 per cent to £56.3m, in the three months [...]
ANALYST VIEWS: WHAT IS DRIVING THE ADVANCE OF ASOS IN A TOUGH CONSUMER ENVIRONMENT? January 19, 2011 PHILIP DORGAN | ALTIUM SECURITIES With the launch of the US website going well, ASOS has accelerated its growth, as expected and management has reinvested margin gains in the offer, again, as expected. We are maintaining our ‘Hold’ recommendation. We are bullish that ASOS will hit its sales target, but think that the short-term outlook [...]
Asos sales beat forecasts January 19, 2011 British online fashion retailer ASOS forecast year profit in line with market expectations after sales growth accelerated in its third quarter. ASOS, which targets internet-savvy 16 to 34 year old women looking to emulate the designer looks of celebrities like Kate Moss, Sienna Miller and Alexa Chung but at a fraction of the price, said [...]
THE TIPSTER January 16, 2011 DISCOUNT pub group JD Wetherspoon has a trading update due out on Wednesday that should offer some insight as to the impact bad weather had on sales in the pre-Christmas period. A degree of this has presumably been priced in already although broker sentiment does seem to be building against the stock. IG Index is [...]
BEST OF THE BROKERS January 5, 2011 OCADO UBS has downgraded the online grocer to “neutral” from “buy” with an increased target price of 197p, following share price gains and an improvement in valuations among Ocado’s peers such as Amazon and Asos. It adds that the trading statement due on 10 January will shed light on the firm’s progress since floating. BETFAIR [...]
It’s snow fun for the shops, but a winter wonderland for gas December 5, 2010 WITH THE great freeze ongoing this morning, a lot of people will not be too happy struggling through the cold to work. 73 per cent of companies had staff off work last week, and many more undoubtedly will have failed to get to work today. The costs of cold weather to the economy are far [...]