Asos boss receives £25m shares bonus as retailer profits double May 24, 2012 NICK Robertson, the co-founder and chief executive of Asos, has been awarded almost £25m worth of shares after the online fashion retailer reported a near doubling of profits and strong overseas growth. Seven executives at the company have pocketed £66m in shares after reaching all of the targets set out in a three-year incentive plan. [...]
FTSE edges up but Eurozone gloom continues May 24, 2012 The FTSE 100 staged a tentative recovery in early trading although an inconclusive meeting of Eurozone leaders offered little prospect of a plan to save Greece. Overnight the EU said it wanted Greece to stay in the fold but contingency plans are already underway for an exit from the euro for the debt laden country. [...]
Asos profit surge fuelled by overseas sales May 24, 2012 Online fashion retailer ASOS met forecasts with a 43-per cent rise in year profit as stellar growth overseas offset a weaker home market. The firm, which targets 16 to 34-year-old women looking to emulate the designer looks of celebrities such as Alexa Chung, Tulisa Contostavlos and Kate Moss, said on Thursday it made a pretax [...]
THE TIPSTER | ASOS hoping for a change of look May 21, 2012 ASOS took something of a beating when it released its trading statement last month, dropping 17 per cent. The hitherto-relentless growth in sales was revealed to have slowed somewhat, even though international sales continued to show excellent growth. ASOS has become a slave to its own excellent performance, and it will need a strong showing [...]
LONDON WEEK AHEAD May 20, 2012 GIVEN property developer British Land’s significant presence in the City, its full-year results will be closely watched this morning for signs of how the Eurozone crisis is hitting the company’s retail lettings. Budget airline Ryanair will also release its full-year results, as will outsourcing group Mitie. The spotlight will turn to the UK high street [...]
Mellow yellow: adding warmth to chilly spring May 16, 2012 Mango scarf print dress, £34.99, mango.com Ultra-chic, this belted dress manages to evoke the golden hue of summer while keeping a solid work-worthy respectability. The mosaic is very on trend. Massimo Polomba Ella Narcissus yellow tote, £350, asos.com Hand-crafted in Italy, this gorgeous tote will carry your life in it easily – without looking sloppy. [...]
Stepping into summer with colour and verve May 2, 2012 Carven linen and patent leather slingbacks, £325, netaporter.com The fashion pack’s favourite new label, these multi-texture, multi-colour slingbacks are the perfect way to bring summer to work. Acne Ambrosia tasselled leather sandals, £330, brownsfashion.com A-listers love this Swedish brand, and these tasselled sandals are the latest must-have. Gorgeous earth tones make them versatile and elegant. [...]
Asos hit as rate of growth dips in tough times April 26, 2012 ONLINE fashion retailer Asos yesterday reported a double whammy of a slowdown in sales growth, coupled with a drop in prices due to the reduction in spending power of its teenage customers. In the company’s fourth trading quarter in the three months to 31 March UK sales nudged up by only four per cent year-on-year. [...]
FTSE lifted by Shell and Barclays boost April 26, 2012 The FTSE 100 opened on the front foot today with gains fuelled by the energy sector after Shell reported encouraging fourth quarter profits. In banking Barclays announced a 22 per cent rise in first quarter earnings, which also helped to inject some momentum into the market. Investors shrugged off yesterday’s bleak news that the UK [...]
LONDON REPORT April 22, 2012 UK investors are set for a busy week with a slew of earnings both here and on Wall Street, the release of Britain’s quarterly GDP rate and a decision from the Fed on the US Bank rate. Both the Nationwide Housing Prices report and Nationwide Consumer Confidence report are due out this week and today’s [...]