Wednesday tips round-up: Asos, Thomas Cook
17th Sep 2014 09:04
Shares of Asos have been brought down to earth this year as reality set in. They have crashed from 70 pounds at their height to just 22.07 pounds yesterday, following another profit warning. The company is fundamentally sound, like its business model, but it operates in a highly competitive market.
Read moreBroker tips: ASOS, Vesuvius, Miners
16th Sep 2014 12:26
Brokerages have slashed their target prices for ASOS in the aftermath of a profit warning by the online fashion retailer on Tuesday, which sent shares sharply lower. Numis, JPMorgan Cazenove, Cantor Fitzgerald and Peel Hunt have all reduced their targets for the shares. "With no profit growth and o
Read moreLondon midday: UK stocks near one-month low as retailers drop
16th Sep 2014 11:49
UK stocks were trading at levels not seen in nearly a month on Tuesday as a sharp drop in German economic confidence and disappointing data from China dampened sentiment. A profit warning from online fashion retailer ASOS and a disappointing updates from Thomas Cook, N Brown and Crest Nicholson were
Read moreAnalysts slash forecasts for ASOS after profit warning
16th Sep 2014 09:40
Brokerages have slashed their target prices for ASOS in the aftermath of a profit warning by the online fashion retailer on Tuesday, which sent shares sharply lower. The stock was down 10.5% at 2,168.25 by 10:34 after ASOS warned that profits in the year to August 2015 would be at a "similar level"
Read moreLondon open: UK stocks slip ahead of inflation data, Asos drops
16th Sep 2014 08:40
UK stocks opened in the red on Tuesday as investors continued to tread cautiously ahead of a Federal Open Market Committee (FOMC) decision and vote on Scottish independence. Investor appetite for risk was also limited ahead of some closely-watched economic data during the session, namely UK inflatio
Read moreAsos says profits unlikely to grow in 2014-15
16th Sep 2014 07:54
British online fashion retailer ASOS has said that profits are unlikely to grow in 2014-15 because of significant investment in its international pricing. International pricing will not be the only of area of investment, however, as the group, which issued a profit warning in June, announced it was
Read moreTuesday preview: UK inflation figures for August due
15th Sep 2014 14:50
UK inflation data on Tuesday is expected show prices have eased in August, according to analysts’ forecasts. Consumer prices may have risen by 1.5% year-on-year in August, compared to 1.6% a month earlier, moving further away from the Bank of England’s (BoE) 2% target. Lower inflation e
Read moreLondon midday: Stocks hover near unchanged mark
27th Aug 2014 12:27
- Russia backs Ukraine peace initiative - Weak consumer confidence data in Europe - Ceasefire accord reached in Israel techMARK 2,845.63 +0.44% FTSE 100 6,828.43 +0.08% FTSE 250 16,073.52 +0.47% UK equities had moved slightly into the blue by midday in a day bereft of economic data and as traders
Read moreAsos shares surge on takeover talk
27th Aug 2014 11:48
Shares in online retailer Asos surged on Wednesday amid rumours it could become a takeover target. The stock jumped 310p or 13.2% to 2658p by 11:22 in London, building on Tuesday's rise, as traders chewed over talk that at least one big US company is considering a bid. There was speculation that a
Read moreWednesday newspaper round-up: Ukraine, House prices, Crude prices
27th Aug 2014 07:35
Face-to-face talks between the Russian and Ukrainian presidents failed to produce a breakthrough for ending the conflict over eastern Ukraine, as Kiev released videos of captured Russian soldiers and rebels pushed toward a government-held city. The one-on-one session, which Ukraine's President Petro
Read moreLiberum says Asos first-mover advantage eroded
5th Aug 2014 13:51
Asos has lost most of its first-mover advantage and remains overpriced, despite a 62% fall in the value of the shares since the start of the year, according to broker Liberum, which expects the shares still to fall 38% to meet its target price. Analysts at the broker have been looking at the online
Read moreSector movers: M&S caution, rate-hike speculation dampen retail stocks
7th Jul 2014 14:55
General retail stocks were under the weather on Monday as investors showed nervousness ahead of results from High Street bellwether Marks & Spencer and reacted to rate-hike speculation. Shares in M&S were down 1% this afternoon before its fiscal first-quarter update due out Tuesday morning which wi
Read moreLondon midday: Stocks fall on Iraq conflict, but Kentz rockets
23rd Jun 2014 12:00
- Iraq tensions push stocks lower as oil rises - Kentz rockets on SNC-Lavalin bid - Mining stocks higher on China data techMARK 2,841.51 -0.68% FTSE 100 6,807.57 -0.26% FTSE 250 15,698.73 -0.59% UK stocks pared losses on Monday morning but were still trading firmly in the red by midday as ongoing
Read moreLondon open: Iraq conflict dampens stocks, but miners gain
23rd Jun 2014 08:31
- Iraq conflict intensifies as rebels take more ground - Mining stocks gain on China data - Shire pulls back after Friday's jump - ASOS warehouse fire dents shares techMARK 2,846.92 -0.49% FTSE 100 6,795.76 -0.43% FTSE 250 15,731.14 -0.38% UK stocks fell on Monday morning as upbeat economic data f
Read moreASOS loses 20% of stock at Barnsley warehouse after "deliberate" fire
23rd Jun 2014 06:39
ASOS customers resumed online shopping on Monday after a fire at the retailer's main warehouse in Barnsley forced the company to suspend its website. South Yorkshire Police said they are treating the incident as "deliberate" and have launched a criminal investigation. Emergency services were calle
Read more