London midday: Markets edge higher but gains limited
2nd Apr 2014 11:48
- Stocks extend three-week high - ECB, US data ahead - Antofagasta unharmed by Chile quake - Sports Direct extends gains on expansion potential techMARK 2,795.73 +0.42% FTSE 100 6,666.62 +0.21% FTSE 250 16,470.77 +0.39% The FTSE 100 had pushed into positive territory by Wednesday lunchtime, but ga
Read moreNumis highlights buying opportunity at ASOS after recent pullback
2nd Apr 2014 09:51
The recent weakness in ASOS' share price is a good opportunity for shareholders to top up their holdings, according to Numis Securities, which said that the business is 'loaded with investment for growth'. The broker maintained its 'buy' rating and 7,500p target price. The online fashion retailer
Read moreLondon open: Markets hold at three-week high
2nd Apr 2014 08:59
- Markets flat ahead of ECB, US data - Antofagasta operations unaffected by Chile quake - Domino's, ASOS impress with results techMARK 2,788.47 +0.16% FTSE 100 6,650.51 -0.03% FTSE 250 16,413.15 +0.03% UK stocks were flat at a three-week high on Wednesday morning as investors paused for breath ahe
Read moreLondon pre-open: Stocks to slip marginally lower early on
2nd Apr 2014 07:39
UK stocks are expected to inch lower in early trading following yesterday's strong gains, ignoring a positive performance seen in both the US and Asia overnight. City sources predict the FTSE 100 will open around five points lower than yesterday's close of 6,652.61. US stocks finished strongly on
Read moreAsos profits fall in first half but company eyes annual sales of 2.5bn pounds
2nd Apr 2014 07:01
- Revenues and gross profit up 34 and 35 per cent - Pre-tax profit and EPS down 22 and 21 per cent - Increased capex to allow 2.5bn pounds annual sales - Full-year EBIT margin guided to around 6.5 per cent First half-profits were trimmed at fashion e-tailer Asos due to increased investment in sales
Read moreWednesday preview: Domino's Pizza and ASOS report
1st Apr 2014 15:10
Domino's Pizza is expected to deliver strong growth in like-for-like (LFL) sales for the first quarter in a trading update on Wednesday. The takeaway food chain's sales have been supported by improved consumer confidence in the UK, increased marketing and advertising activity and new product ranges
Read moreMonday broker round-up UPDATE
31st Mar 2014 10:41
African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating. Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating. ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight reco
Read moreWednesday broker round-up UPDATE
19th Mar 2014 09:00
Afren: Canaccord Genuity lowers target price from 185p to 180p and stays with its buy recommendation. Antofagasta: Westhouse Securities reduces target price from 1060p to 985p staying with its buy recommendation. Credit Suisse downgrades from neutral to underperform with a target price of 750p. JP
Read moreWednesday tips round-up: Asos, IG Group
19th Mar 2014 07:09
At 100 times' earnings the valuation of Asos' shares requires perfect execution, not slowing sales growth and higher than expected costs. Yet that is exactly what investors are getting at the moment. Its investments in distribution capacity and new IT systems are now expected to cost 68m pounds, and
Read moreN+1 Singer keeps holding Asos as model for growth
18th Mar 2014 14:11
While numbers were worse than expected, the trading update from Asos proved the robustness of its strategy, said broker N+1 Singer as it reiterated its 'hold' recommendation. The trading update in the two-month period highlighted two key things, according to analyst Matthew McEachran. Firstly, th
Read moreLondon midday: Stocks erase losses as Russia accepts Crimea vote
18th Mar 2014 12:10
- Stocks jump after Putin comments - Russia to incorporate Crimea - Antofagasta, Sainsbury choppy after results - Resolution sinks sharply as founders step down - ASOS, Speedy Hire plummet after updates techMARK 2,790.58 -0.20% FTSE 100 6,590.24 +0.33% FTSE 250 16,255.78 -0.26% UK stocks had erase
Read moreTuesday broker round-up UPDATE
18th Mar 2014 08:58
Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged. Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recom
Read moreLondon open: Stocks fall ahead of Putin speech on Crimea
18th Mar 2014 08:32
- Markets await comments from Putin on Crimea, sanctions - Antofagasta rises after 2013 results, Sainsbury gains - Resolution founders to step down - ASOS, Speedy Hire plummet after updates techMARK 2,789.35 -0.24% FTSE 100 6,551.61 -0.25% FTSE 250 16,261.53 -0.22% Following Monday's respite from
Read moreAsos growth slows but ups investment to target 2.5bn annual sales - UPDATE
18th Mar 2014 08:01
- Retail sales slowed to 26 per cent - Margin growth of 65bps - Increasing capex on warehousing and IT - Warns EBIT will be slowed by investment increase Sales growth in the first two months of the year slowed more than expected at online fashion retailer Asos, which warned that earnings margins wo
Read moreBoohoo.com beefs up board before joining rival Asos on AIM
5th Mar 2014 15:51
Online fashion retailer Boohoo.com has appointed two new directors ahead of its 500m pound London initial public offering (IPO) on March 14th, one of several flotation in the retail sector in early 2014. Based in Manchester's Northern Quarter the business sells own-branded women's and men's fashion
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