Broker tips: Paddy Power, ASOS, Ocado
1st Sep 2015 14:30
(ShareCast News) - HSBC upgraded Paddy Power to 'hold' from 'reduce' and lifted its price target to €96.5 from €71.5 following strong first-half results and the company's deal with Betfair. The bank said operating profit was 9% ahead of its estimate, driven by the online operations in Europe and Aus
Read moreRBC bumps ASOS up to 'outperform' after share price weakness
1st Sep 2015 13:06
(ShareCast News) - RBC Capital Markets raised ASOS to 'outperform' from 'sector perform' with an unchanged target price of 3,750p saying recent share price weakness represents a buying opportunity. It noted that the shares have declined by more than 20% over the last three months and the stock now t
Read moreBoA Merill bumps ASOS up to 'buy'; says risk/reward is attractive
17th Aug 2015 13:42
(ShareCast News) - Online fashion retailer ASOS got a boost after Bank of America Merrill Lynch upgraded the stock to 'buy' from 'neutral' and raised its price target to 4,300p from 4,200p, saying the risk/reward now looks attractive. The bank said competitive pricing internationally, improving deli
Read moreASOS sales surge 20%; upbeat on outlook
7th Jul 2015 07:52
Online fashion retailer ASOS posted a 20% rise in retail sales in the four months ended 30 June 2015 and said its sales for the full year should be at the higher end of its 15-20% guided growth range. UK growth remained strong at 27%, while international sales were up 16%, despite a number of curren
Read moreBerenberg picks Asos, Next and Supergroup as top UK retail winners
12th Jun 2015 10:17
Berenberg has named Asos, Next and Supergroup as the "long-term winners" among UK fashion retailers, maintaining a 'buy' rating on all three stocks. In a review of the sector, the broker highlighted that competition online for clothing retailers has increased, but stressed that a strong presence on
Read moreAsos shares knocked by website outage
1st Jun 2015 15:08
Asos shares were knocked lower early on Monday after it was revealed an outage prevented bargain-hungry shoppers from taking advantage of a 20% discount sale. The discount, which had been applied to all of the company's products, drew such a large number of customers that it was unable to handle the
Read moreSunday share tips: WPP, Asos, WANDisco
26th Apr 2015 10:06
Shares in Asos should be sold, the Inside the City column said in the Sunday Times. After a rollercoaster ride up to a £70 all-time high before shooting down to half that point after three profit warnings, the halo has slipped and the feeling is that it has further to fall as rivals have caught up w
Read moreAsos appoints Helen Ashton as CFO
14th Apr 2015 11:07
Online retailer Asos appointed Helen Ashton as its new chief financial officer, replacing Nick Beighton who has been promoted to chief operating officer. Ashton has held management positions at Barclaycard, Lloyds, Asda and Capquest. She will take up her role in September. Asos chief executive Nick
Read moreLondon close: Stocks come off intraday highs as US data disappoints
1st Apr 2015 16:37
UK stocks trimmed earlier gains by the close after a weak start on Wall Street, but still managed to finish in the green as markets bounced slightly following a sell-off the previous session. London's FTSE 100 finished the session up 36.46 points, or 0.54%, at 6,809.50. The index had dropped 1.7% to
Read moreLondon midday: Banks lift Footsie 1% as stocks rebound
1st Apr 2015 11:19
UK stocks jumped nearly 1% on Wednesday morning, partly reversing steep losses experienced the previous session, as stimulus hopes in China and an improvement in global manufacturing repaired sentiment. London's FTSE 100 was up 0.98% at 6,839.14 by midday, after dropping 1.7% to 6,773.04 on Tuesday,
Read moreBroker tips: Mining stocks, Lloyds, Rolls-Royce, Asos
1st Apr 2015 11:17
JPMorgan Cazenove has reduced target prices across the UK mining sector after lowering its commodity forecasts, predicting further demand weakness, especially from China, in the second quarter. The broker has lowered its 2015/2016 forecasts for copper prices by 3%/6%, aluminium by 5%/9%, zinc by 4%/
Read moreAsos "back on the front foot" as H1 results impress, says Numis
1st Apr 2015 09:13
Asos is building momentum and making "significant progress", according to Numis Securities, after first-half results came in ahead of expectations. The broker, which reiterated a 'buy' rating and 4,000p target price for the stock, said the online fashion retailer is "back on the front foot". Pre-ta
Read moreLondon open: Equities rebound as Chinese stimulus hopes rise
1st Apr 2015 09:02
UK stocks bounced off a two-and-a-half-week low on Wednesday morning as market sentiment recovered after a sharp sell-off. London's FTSE 100 was up 0.41% at 6,800.98 early on, after dropping 1.7% to 6,773.04 on Tuesday, its lowest close since 13 March. The rising possibility of state boost to the r
Read moreLondon pre-open: Stocks to fall further as sell-off continues
1st Apr 2015 07:53
UK stocks are set to extend losses on Wednesday morning following a huge sell-off the previous session that sent the Footsie to its lowest in over two and a half weeks. City sources predict the FTSE 100 will open 20 points lower than Tuesday's close of 6,773.04. The index dropped 1.7% to its lowest
Read moreMargin decline hits H1 profits at Asos but results beat forecasts
1st Apr 2015 07:15
Asos saw profits fall by a tenth in the first half as a sharp drop in margins outweighed a strong sales performance, though results were better than analysts had predicted. Pre-tax profit for the six months to 28 February was down 10% at £18.04m but the online fashion retailer believes momentum is b
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