Asos finishes year in style as Europe and US star in Q4 - UPDATE
19th Sep 2013 07:47
Rapid growth in Europe and the US helped online retail star Asos beat fourth quarter forecasts to wrap up the year in style. Chief Executive Officer Nick Robertson said pre-tax profits for the year ended August 31st would be "marginally" above expectations. The AIM-listed company, which is large
Read moreThursday preview: Investors look to US economic data after Fed
18th Sep 2013 14:47
With the Federal Reserve's closely watched policy meeting out of the way, investors will turn to the release of US data on Thursday. A Labor Department report on initial jobless claims in the world's biggest economy is expected to come in at 330,000 for the week ending September 13th, compared to t
Read moreFriday broker round-up UPDATE
13th Sep 2013 08:26
ASOS: Panmure Gordon raises target price from 4555p to 5950p maintaining a buy recommendation. AstraZeneca: Jefferies reduces target price from 3200p to 2850p and retains a hold recommendation. Barclays: Jefferies initiates with a target price of 367p and a buy recommendation. Barratt Development
Read moreBroker snap: Weather to dominate retailers' results, says Nomura
5th Sep 2013 10:56
Nomura has reiterated its 'bullish' view on the European retail sector, saying that while the macro signs of recovery are clear, the weather will likely drive updates from a host of companies this month. On the whole, Nomura said it remains upbeat about UK retail "as we expect a housing market reco
Read moreWednesday broker round-up UPDATE
4th Sep 2013 08:50
Abbey Protection: Numis lowers target price from 120p to 110p keeping a hold recommendation. Antofagasta: Investec takes target price from 707p to 725p, but still recommends selling. Ashtead Group: Numis ups target price from 640p to 670p and retains a hold recommendation. Panmure Gordon increases
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreWednesday broker round-up UPDATE
21st Aug 2013 09:37
Anglo American: JP Morgan cuts target price from 1675p to 1655p keeping a neutral rating. Aquarium Platinum: Investec shifts target price from 46p to 48p and stays with its hold recommendation. ASOS: Deutsche Bank increases target price from 3800p to 4450p, while leaving its hold recommendation un
Read moreAsos hires former M&S Finance Director
7th Aug 2013 14:38
Online fashion retailer Asos has hired former Marks & Spencer Finance Director, Ian Dyson, according to reports on Wednesday. Dyson, 51, will join Asos as Senior Independent Director in October. Dyson, who led the demerger of Punch Taverns in 2011, has also been Finance Director of Rank Group and
Read moreSunday newspaper round-up: Portugal, Dog-funds, Invensys
21st Jul 2013 13:14
The Eurozone debt crisis threatened to erupt again this weekend, with the Portuguese government close to collapse and new tensions in Cyprus. Talks between Portugal's three main political parties on a "national salvation pact" failed late on Friday ? raising the threat of a snap election. Portuguese
Read moreAsos director Kate Bostock resigns after six months
16th Jul 2013 12:18
Kate Bostock has quit Asos as an executive director just six months after her appointment at the online fashion retailer. The former Marks & Spencer (M&S) employee was recruited by Asos after almost a year of courting by the company. She said she was leaving the board with immediate effect on Tue
Read moreASOS trading director steps down
16th Jul 2013 11:06
Online fashion retailer ASOS today confirmed that its product and trading director Kate Bostock has stepped down from the board with immediate effect after just five months at the firm. "Her role will be fulfilled by the existing, highly successful retailing team. The Board will consider whether th
Read moreBroker tips: Lloyds, ASOS, Dunelm
4th Jul 2013 10:49
An improving picture of the housing market should start to rub off on UK banks, according to Nomura, which is viewing the the sector with 'guarded optimism'. Nomura has upgraded its rating for Lloyds from 'reduce' to 'neutral', saying that the company is now its top pick in the domestic UK banking
Read moreBroker snap: Jefferies upgrades ASOS by two notches
4th Jul 2013 08:23
Jefferies has raised its rating for online fashion retailer ASOS from 'underperform' to 'buy' and more than doubled its target price, reversing an 'ill-judged' downgrade made earlier in the year. The broker's ratings cut back in January was based on gross margin compression and the thought that the
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreMonday broker round-up UPDATE
1st Jul 2013 07:27
Ashmore Group: Canaccord Genuity lowers target price from 399p to 380p, while its buy recommendation remains unchanged. ASOS: Panmure Gordon increases target price from 4320p to 4555p and retains a buy recommendation. AVEVA Group: Sanlam Securities reduces target price from 2500p to 2325p leaving
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