Supermarket bosses have nowhere to hide January 13, 2016 Who said there’s blood on the high street? Retail stocks rose well into green territory yesterday, Morrisons up nine per cent and Debenhams a whopping 16 per cent higher, after both reported a jump in like-for-like sales. Defying City expectations, the pair of troubled FTSE-250 outlets remind us that retail should not be viewed as an [...]
Boohoo’s share price climbs as it ups guidance after sales soar January 12, 2016 Boohoo has raised its revenue guidance for the financial year as its sales soared 45 per cent in the four months to 31 December. The figures Boohoo has had a very strong period, with revenues up 45 per cent in the UK, 33 per cent in Europe and 52 per cent in the rest of the [...]
Northern Powerhouse: The North’s digital economy is booming but needs more infrastructure spending December 23, 2015 This year has seen the potential of the Northern Powerhouse truly realised and our digital sector sits at the beating heart of this agenda. The North’s digital economy is booming. It employs over 170,000 people and there has been a 57 per cent rise in new digital companies over the past three years. The UK’s [...]
Best of the Brokers for 22 December 2015 December 22, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BOOHOO.COM As the end of 2015 approaches, fast-fashion retailer Boohoo will be celebrating its first full year as a listed company, or perhaps taking some time for reflection following a profit warning in January. In its first coverage of the company, Shore Capital [...]
Black Friday UK 2015: 1 in 5 ecommerce websites including John Lewis, Boots, Boohoo and Argos went down before 9am this morning November 27, 2015 UK retailers’ online shops are buckling under the strain of Black Friday, with one in five crashing before most of us had finished our morning commute. Argos, Boots and Game were among those that had downtime before 9am, showed data from commerce agency Ampersand. The agency is tracking what websites are currently live, showing how [...]
Boohoo’s share price rises as revenue and profits jump September 29, 2015 Boohoo’s share price climbed this morning, as the UK online retailer reported a jump in both revenue and profits. The figures The fashion etailer's revenue soared by 35 per cent in the first half of 2015, to land at £90.8m. Pre-tax profit was up to £6.3m, a rise of 39 per cent. The FTSE 250-listed [...]
Few reports but Sainsbury’s and Tesco to update – London Report September 27, 2015 EQUITY reports are light again this week, ahead of earnings season which begins in earnest in the second half of October. Sainsbury’s first-half numbers, released on Wednesday, will be interesting, as the sector prepares to reveal how trading has fared over the past six months. Few people are expecting an upbeat statement. However, according to [...]
Boohoo share price soars as trading update suggests etailer is back “on track” June 10, 2015 Boohoo's shares soared this morning as investors lapped up a strong trading update from the etailer, following a stumble earlier this year. The figures: Revenues rose 35 per cent for the three months to May 31, while gross margins climbed more than 60 per cent. The company, which listed last year, now has 3.3m [...]
Boohoo’s finance chief Neil Catto granted options over 1.6m shares May 26, 2015 Boohoo’s finance chief Neil Catto was yesterday granted 1.6m share options worth £400,000 after his previous options effectively went under water following a slump in the online retailer’s share price. Catto, who steered the company through its float in March last year, was rewarded at the time with options over 2m shares. These would have [...]
Boohoo puts last year’s troubles behind it as profits make a jump May 6, 2015 Boohoo said yesterday that it has put last autumn’s troubles behind it after reporting a 27 per cent jump in full-year sales. Boohoo’s share price plummeted by around 40 per cent in January after the e-tailer issued a shock profit warning, blaming heavy promotional activity on the UK high street following the warm autumn season. [...]