Chancellor Hammond eyes 'Amazon tax' for online businesses
10th Aug 2018 16:17
(Sharecast News) - Chancellor Philip Hammond said on Friday he may introduced a special tax on online retailers to "support the high street" amid the structural changes in the industry and rise in power of the likes of Amazon.
Read moreFriday broker round-up
27th Jul 2018 13:14
(Sharecast News) - William Hill: Peel Hunt upgrades to hold with a target price of 305p.
Read moreBerenberg tips Asos and Scapa among 15 small and mid-cap stock picks
9th Feb 2017 10:33
(ShareCast News) - Analysts at Berenberg have selected a 'top 15' stock picks from their global small and mid-cap universe, including London-listed Asos, CVS, Greencore, Sanne Group and Scapa. After last year's mixed market performance, Berenberg sees 2017 as promising both significant economic oppo
Read moreFriday broker round-up
13th Jan 2017 09:27
(ShareCast News) - Tesco: Goldman Sachs reiterates Sell on target price of 150p. Ladbrokes Coral: Barclays starts coverage with Overweight (previously Rating Suspended) on target price of 160p. Premier Oil: Barclays upgrades to Equal Weight on target price of 100p. Randgold Resources: Berenberg up
Read moreASOS retail sales up 36%, ahead of expectations
12th Jan 2017 08:44
(ShareCast News) - Online fashion retailer ASOS reported big jump in total retail sales for the four months to the end of December, with a strong performance over the Christmas period. Total retail sales rose to £605.7m from £444.3m the year before, while total group revenue was up 36% to £621.3m.
Read moreASOS to hire additional 1,500 staff as it expands Camden HQ
12th Dec 2016 07:56
(ShareCast News) - Online retailer ASOS has announced plans to hire an additional 1,500 people as it expands its London headquarters over the next three years. ASOS, which will spend £40m renovating the site in Camden, said the roles will be in technology, marketing and retail. Chief executive Nick
Read moreFriday newspaper round-up: Nissan, Brexit, landlords
2nd Dec 2016 07:21
(ShareCast News) - The British government has rejected a Freedom of Information request to release a letter from Greg Clark, the business secretary, that encouraged the Japanese carmaker Nissan to invest in its factory in Sunderland despite the uncertainty over Brexit. The Department for Business, E
Read moreLiberum downgrades Boohoo on valuation but still bullish
17th Nov 2016 09:28
(ShareCast News) - Boohoo.com was weaker on Thursday after Liberum downgraded the stock to 'hold' from 'buy' on valuation grounds after the shares rose more than 216% year-to-date. In a note on clothing retailers, Liberum said it remains bullish on Boohoo's prospects, but on a price-to-earnings rati
Read moreAsos beats forecasts but investment plans lead to profit taking
18th Oct 2016 07:57
(ShareCast News) - In a strong finish to the year, online fashion retailer Asos reported a bigger full year profit than the market expected and announced it would accelerate its growth investment plans. Revenues in the year to 31 August of £1.45bn and retail sales of £1.40bn were both up 26% on the
Read moreSunday share tips: Royal Dutch Shell, Asos, Spire Healthcare
16th Oct 2016 14:51
(ShareCast News) - Royal Dutch Shell shares are worth buying for the dividend, according to the Sunday Times's Inside The City column. Acquiring BG Group in 2015 after oil prices had already collapsed, stretched Shell's balance sheet close to its limit, but it still pays out a hefty amount. Incoming
Read moreAsos will finish year with a flourish, ShoreCap says
4th Oct 2016 12:26
(ShareCast News) - Confident that recent allegations about 'exploitative' working conditions at its Yorkshire warehouse will not blow up into the sort of storm that has engulfed other retailers, broker Shore Capital reiterated its 'buy' recommendation on Asos as it expects the online fashion retaile
Read moreWednesday broker round-up
28th Sep 2016 12:15
(ShareCast News) - Close Brothers Group: Barclays reiterates overweight with a target price of 1500p. Royal Dutch Shell: HSBC keeps at buy, 2050p target. William Hill: Deutsche Bank keeps at buy with a 390p target. The Restaurant Group: Berenberg reiterates hold with a 350p target. Astrazeneca: D
Read moreBroker tips: Persimmon, Jimmy Choo, ASOS
23rd Sep 2016 09:39
(ShareCast News) - Housebuilder Persimmon and its peers got a boost on Friday as Liberum upgraded the stock to 'buy' from 'hold' and lifted price targets across the sector as it took a more positive view. "We have upgraded estimates across our coverage as 2016 trading is much better than we feared i
Read moreCredit Suisse starts ASOS at 'neutral', says bullishness priced in
23rd Sep 2016 09:29
(ShareCast News) - Credit Suisse initiated coverage of ASOS at 'neutral' with a 5,100p price target as it took a look at the European online retail sector. It said ASOS remains an attractive growth company 16 years after it was founded, with a distinctive business model and differentiated product of
Read moreBroker tips: Weir, Rotork, ASOS, Barratt Developments, Bovis Homes
20th Sep 2016 12:29
(ShareCast News) - Credit Suisse initiated coverage of Rotork and Weir at 'outperform' as it took a look at the pan-European capital goods sector. The bank gave Rotork a 230p price target. "We see Rotork as a high-quality company and while we do not discount a recovery in end markets, we see continu
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