Broker snap: ASOS a 'sell' despite sales surge
13th Apr 2011 10:45
Even though internet fashion retailer ASOS saw UK sales surge in the fourth quarter, finnCap remains a 'seller'. UK sales grew 24% in the three month period, slightly better than the growth in the previous two quarters, the broker notes. Full-year growth was also 24%. "The increase in the price of
Read moreLondon open: FTSE 100 advances as miners rally
13th Apr 2011 08:30
A rally in the mining sector has dragged the top share index to within touching distance of the 6,000 point mark it has been bobbing around since the start of the year. Fresnillo leads the large cap miners higher. The Mexican miner's silver production slipped slightly in the quarter to 31 March, bu
Read moreASOS still in fashion as international sales soar
13th Apr 2011 07:44
Strong growth overseas helped the internet fashion retailer ASOS maintain its upward momentum in the fourth quarter. The firm, which sells clothes inspired by trendy celebrities (the name stands for 'As Seen on Screen') saw year-on-year sales growth of 70% during the quarter, with UK's revenues up
Read moreWednesday preview: ASOS, JD Sports, gilts auction
12th Apr 2011 18:07
It could be a teen fashion shoot out on Wednesday with online clothes shop ASOS and sportswear retailer JD Sports Fashion both scheduled to make trading updates. Growth at ASOS has been at a rapid rate, leading many to fear that the shares will suffer a major correction the minute it becomes obviou
Read moreBestseller has 20.3% of ASOS
7th Feb 2011 18:53
Danish fashion retail group Bestseller has added to its stake in ASOS a fortnight after the online fashion retailer reported a 59% jump in revenues for the three months to December 2010. Bestseller has increased its stake from 18.3% to 20.3%. This stake has been building up in recent months. Man
Read moreBroker tips: Marston's, Serco, ASOS
24th Jan 2011 13:31
Pub group and brewer Marston's share price has taken a hit in the last couple of months making what Peel Hunt described as the best operator in the modern pub industry an even bigger bargain. Snow disruption, an "overwhelming exposure" to places with average public sector employment, and the north
Read moreBroker snap: ASOS, exciting but expensive
24th Jan 2011 11:46
Broker finnCap said that ASOS remains one of its favourite retail growth stories but one of its least-favourite shares, as the online fashion group is an exciting, but expensive, stock. ASOS's third quarter retail sales increased by 59%, with UK sales growing by 22.6% and International sales surgin
Read moreASOS director banks £2.8m
21st Jan 2011 16:42
Jon Kamaluddin, the international director of AIM-quoted online fashion retailer ASOS, has secured a near-£2.8m gain by exercising options and selling the shares immediately. Kamaluddin exercised options over 80,000 shares at 43.5p a share and 96,995 shares at 58.25p a share. That is a total cost
Read moreThursday tips round-up: Asos, Land Securities, JD Wetherspoon
20th Jan 2011 06:33
Shares in the online fashion retailer Asos have almost quadrupled since February, but some brokers believe they are near their peak. If Asos can continue its explosive growth, then that massive rating is justified and one day we could be looking at our own Amazon or eBay. But this is not a stock fo
Read moreLondon close: FTSE 100 dives in late trading
19th Jan 2011 16:40
What started as a sluggish day turned into a bit of a bloodbath with the top share index plummeting ahead of the close. Stocks fell in the US after bank Goldman Sachs' net earnings slumped 38% in 2010 due to a substantial fall in profit in the final quarter Here, publishing giant Pearson was the t
Read moreLondon afternoon: Losses trimmed
19th Jan 2011 14:05
Share prices picked up a tad over the lunch time period, but fallers still outnumber risers by more than two to one among FTSE 100 constituents. Publishing giant Pearson is the top blue-chip performer after the FT owner said 2010 earnings will be ahead of previous guidance, as all of its major busi
Read moreLondon midday: FTSE 100 falls back despite cheery updates
19th Jan 2011 12:01
The top share index is still in the red despite well-received company updates, with downbeat news from the retail sector weighing on sentiment. Publishing giant Pearson leads the pack after the FT owner said 2010 earnings will be ahead of previous guidance, as all of its major businesses sustained
Read moreLondon open: Blue chips flat
19th Jan 2011 08:46
London has made a flat start as investors mull over a stack of results and trading updates. Publishing giant Pearson leads the pack after the FT owner said 2010 earnings will be ahead of previous guidance, as all of its major businesses sustained their strong trading momentum throughout last year.
Read moreInternational sales lift ASOS
19th Jan 2011 07:20
Rapid expansion at its international businesses helped online fashion group ASOS rack up more big sales over the Christmas period. Revenue in the three months to end December overall rose by 59% to £100m, with a 156% improvement overseas to £43.7m. UK sales growth slowed to 23% at £56.3m. Retail g
Read moreBestseller continues ASOS buying
18th Jan 2011 16:25
Shares in AIM-quoted online fashion retailer ASOS have risen this afternoon following the news that Danish fashion retail group Bestseller continues to build up its stake. In less than two months the stake has increased from 9.72m shares to 13.67m share - equivalent to 18.27% of ASOS. The stake ha
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