Broker snap: Earnings unlikely to slow at ASOS, S.Pierce says
17th Sep 2012 12:10
Following a meeting with ASOS, partly to discuss new forecasts following the change in its accounting date from March to August, analysts at Seymour Pierce came back reassured that earnings momentum is unlikely to slow and that there remains a wealth of opportunity to drive sales. They could not,
Read moreWeek Ahead: ASOS, Booker, MPC, inflation
14th Sep 2012 11:56
After the recent gloomy trading statement from fashion retailer Next, ASOS shareholders might be a bit apprehensive ahead of the online clothes seller's interim management statement on Wednesday, but Panmure Gordon says not to worry. The broker recently raised its price target for the stock from 21
Read moreWednesday broker round-up
12th Sep 2012 08:54
African Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreTuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read moreBroker tips: Life insurers, ASOS, May Gurney
7th Sep 2012 12:23
Credit Suisse has downgraded its rating for Legal & General as part of its review of the UK life insurance sector. Among the growth-oriented insurers with higher price-to-earnings multiples, the broker said it prefers Prudential ('outperform') and St James's Place ('neutral') over Standard Life ('u
Read moreBroker snap: ASOS is a 'disruptor' in a staid industry, says Jefferies
7th Sep 2012 11:36
Jefferies has initiated its coverage of internet retailing giant ASOS with a 'buy' rating and 2,199p target price. The broker celebrates an "innovative" management team which launched "disruptive" model to break into a relatively subdued UK retail market, building a robust brand over the last decad
Read moreFriday broker round-up
7th Sep 2012 09:03
ASOS: Jefferies keeps buy rating and 2,199p target. AstraZeneca: Morgan Stanley upgrades to equal weight. Aviva: AlphaValue downgrades to add, target lifted from 385p to 389p. Barclays: Deutsche Bank upgrades to buy. Dixons: Nomura keeps neutral rating and 20p target. Legal & General: Credit Su
Read moreThursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreWednesday broker round-up
5th Sep 2012 09:20
AMEC: Nomura retains buy rating and 1,240p target. Ashtead: UBS ups target from 340p to 375p, buy rating unchanged. ASOS: Oriel Securities upgrades to buy; BarCap upgrades to overweight, target lifted rom 1,800p to 2,400p. BP: Investec keeps buy rating and 460p target. BT Group: JPMorgan Cazenov
Read moreASOS Product Director sells stake in firm
16th Jul 2012 15:52
Robert Bready, the Product Director of online fashion store ASOS, has sold all his ordinary shares in the firm, less than a week after the company unveiled a strong first quarter. Bready, who begun his career at the High Street fashion River Island, pocketed himself £2.6m after trading in 143,125 s
Read moreWednesday broker round-up
11th Jul 2012 08:10
ASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
Read moreASOS hails strong quarter
10th Jul 2012 07:39
Online fashion firm ASOS posted a 31 per cent rise in first quarter retail sales after a strong performance from the US, Australia and resilient trading in the UK. The group said it continues to trade in line with expectations and remains positive about its outlook. Retail sales rose to £137m in t
Read moreTuesday preview: Soggy showing expected from Marks
9th Jul 2012 15:56
It is a case of the old and the new when two retailers give trading updates on Tuesday. The old is Marks & Spencer (M&S), a stalwart of the UK High Street for as long as anyone can remember. The company will give a first quarter (April - June) trading update at its annual general meeting, and per
Read moreASOS director reduces stake
25th Jun 2012 13:18
Robert Bready, the Product Director of ASOS, the online clothes retailer, has slimmed down his stake in the firm with the sale of 44,299 shares. The transaction, which was carried out on Monday, earned Bready £724,289 and reduced his holding to 143,125 ordinary shares, equal to 0.18% of the total
Read moreSevern Trent Chief Exec ditch shares to cover liabilities
8th Jun 2012 16:28
Tony Wray, the Chief Executive Officer of Severn Trent, the FTSE 100 utility provider which serves eight million customers, has ditched 4,570 shares in the firm to cover his tax liabilities following the award of shares under a long-term incentive plan. Wray traded the shares at 1,747p a pop, pocke
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