IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
What you need to know before the open June 5, 2014 A steady start’s expected for European stocks this morning, as investors hold their breath ahead of the much-awaited European Central Bank’s policy meeting at lunchtime. We’re not expecting much when it comes to the latest interest rate decision from both the Bank of England, but anticipation is high around the ECB in terms of what [...]
Best of the Brokers for 02 June 2014 June 2, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ASOS N+1 Singer has lowered its target price on the online fashion retailer from 5300p to 4100p but maintained its “hold” rating on the stock. The broker is concerned that the group’s sales growth rate in overseas markets is under threat, and has [...]
CollectPlus plots growth plans to rival Post Office May 12, 2014 COLLECTPLUS launched a fresh assault on the Post Office today after announcing plans to expand its parcel returns and delivery service to 7,500 stores over the next 12 months. The company was launched in 2009 and has grown rapidly thanks to the boom in online shopping, click and collect, and consumers demanding more convenient ways [...]
How the high street’s keeping the edge over online retailers May 12, 2014 Edison Investment Research is far from convinced the internet premium seen in retail is a) the thing changing the UK high street or b) something that’ll stick around. In a research note published today, the investment specialist challenges how justifiable the current e-tail premium is, saying the future of retail is very much multi-channel. For [...]
Clipper Logistics plans London float as it eyes European growth May 6, 2014 LOGISTICS firm Clipper yesterday unveiled its plans to float on the London Stock Exchange, as it looks to accelerate its European expansion drive and take advantage of the growing online retail market. The company provides tailor-made logistics solutions for pure-play online retailers such as Asos and traditional high street retailers adopting multichannel strategies such as [...]
Sydney, Australia: the global cultural capital of the future April 27, 2014 Forget the stereotype, Australians can do hipster as well WHAT’S the difference between Australia and a petri dish? If you leave a petri dish for long enough it will eventually develop a culture… Or so the joke used to go. But anyone who’s visited Sydney recently would struggle to justify that view. Australia’s economy has [...]
AO World shares steady after update showing 40pc growth April 10, 2014 SHARES IN newly-listed fridge seller AO World steadied yesterday after the firm’s maiden trading update confirmed it was on track to deliver 40 per cent revenue growth. AO, which floated in February, has been routed this week along with other tech stocks in London and the US on fears that a bubble was forming within [...]
Tech rout slams UK online giants April 8, 2014 BRITISH technology shares were pummeled for a second day yesterday as waves of uncertainty surrounding the sector continued, despite a recovery across similar stocks in the US. The FTSE 100 dropped for the second day in a row, falling over 32 points to 6,590.69, hampered by the poor performance of tech stocks. The top tech [...]
UK tech stocks sink as US bubble fears hit market April 7, 2014 LONDON’S tech stocks stumbled yesterday after US jitters surrounding the sector late last week reached the City, having sent Asia’s tech stocks into freefall overnight. The FTSE 100’s three week rise abruptly ended as the index fell 72.7 points to 6,622.84 after a sell-off on a number of blue-chip tech stocks hurt investor sentiment. Microchip [...]
Expansion costs knock a fifth off profits at Asos April 2, 2014 ASOS boss Nick Robertson admitted yesterday that launching in China had been tougher than anticipated after start-up losses in the country and investment in expanding warehouses elsewhere dragged first half profits down by 22 per cent. The online fashion retailer made a pre-tax profit of £20.1m in the six months to 28 February compared with [...]