London afternoon: Drift lower continues
14th Jul 2010 14:54
A soft start on Wall Street has seen London slide further into the red although there do remain some bright spots. Chief among them is chip designer ARM, which has been lifted by Intel's record results announced last night. Goldman Sachs has responded to Intel's results by upping its price target
Read moreUK SMALLCAP ROUNDUP: NXT's Cash Flow Pressured By Sales Fall
14th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps NXT PLC (NXT.LN), U.K. technology and licensing company, Wednesday said fiscal 2010 revenue is "significantly down" on last year, in spite of an improvem
Read moreLondon midday: ICAP leads the slide
14th Jul 2010 12:04
London looks like it is pausing for breath after the recent good run that has seen the FTSE 100 index advance by 8% over the last week. As has been the case every day this week, BP is in focus but the slant on the news today is downwards. The company has delayed a pressure test on the newly instal
Read moreUK SMALLCAP ROUNDUP: ASOS Revenue Boosted By Overseas Sales
14th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ASOS PLC (ASC.LN), an online fashion retailer, Wednesday posted a 48% jump in first-quarter group revenue, helped by a more than doubling of overseas sal
Read moreLondon open: Modest gains for Footsie
14th Jul 2010 08:49
Footsie has made progress after a cautious start, though BP's recent good run has come to an end while derivatives broker ICAP is lower after a cautious statement. BP has delayed a pressure test on the newly installed well cap in the Gulf of Mexico while reports today said US politicians now want t
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 08:00
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0700 GMT [Dow Jones] ASOS's (ASC.LN) 1Q trading update is good, but fully factored into the current share price and slightly
Read moreMARKET TALK: ASOS Update Good But Factored Into Share Price
14th Jul 2010 08:00
0700 GMT [Dow Jones] ASOS's (ASC.LN) 1Q trading update is good, but fully factored into the current share price and slightly weaker than the first nine-week trend, says Seymour Pierce. Overall, the UK figures were in line with expectations, while international sales are still tracking ahead of proj
Read moreASOS Q1 sales sparkle
14th Jul 2010 07:50
Online fashion store ASOS revealed a 54% surge in retail sales during the first quarter and remains confident of further progress this year. The group, whose site is targeted towards fashion conscious 16-34 year olds, said retail sales totalled £62m in the quarter ended 30 June 2010 while group rev
Read moreAsos 1Q Group Revenue Rises 48% As Overseas Sales Surge
14th Jul 2010 07:18
LONDON (Dow Jones)--Online fashion retailer Asos PLC (ASC.LN) Wednesday posted a 48% jump in first-quarter group revenue, helped by a more than doubling of overseas sales, although it cautioned that it is too soon to know if this level of momentum will continue for the rest of the fiscal year. A
Read moreWednesday preview: M&S, Barratt Devs., JD Wetherspoon
13th Jul 2010 16:17
After the sparky proceedings at the British Airways annual general meeting (AGM), Wednesday's AGM of Marks & Spencer's shareholders may seem like a model of decorum but it is not expected to pass without incident. Director remuneration is likely to prove the hot issue. The new chief executive, Mar
Read moreASOS extends chairman's £13m share option
2nd Jul 2010 14:35
AIM-quoted online fashion retailer ASOS has extended an option agreement with its non-executive chairman Lord Waheed Alli which could provide him with a potential gain of more than £13m if it were taken up today. The agreement dated 16 January 2001 gives Lord Alli the right to acquire 1,579,657 sh
Read moreMARKET TALK: Panmure Downgrades ASOS To Hold From Buy
30th Jun 2010 10:21
0921 GMT [Dow Jones] Panmure Gordon raises ASOS (ASC.LN) price target to 875p from 790p "on the basis that we now see a PEG of 1.0x as a fair expectation (previously 0.95x)." Says the new target implies around 3% upside to Tuesday's mid-close and therefore the brokerage downgrades the stock to hold
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
30th Jun 2010 10:21
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0921 GMT [Dow Jones] Panmure Gordon raises ASOS (ASC.LN) price target to 875p from 790p "on the basis that we now see a PE
Read moreMARKET TALK: Investec Raises ASOS Price Target
24th Jun 2010 09:47
0847 GMT [Dow Jones] Investec Securities raises ASOS (ASC.LN) price target to 895p from 570p. Recognises the company's solid growth track record and the increased credibility of its international growth story following the new warehouse investment. Expects significant earnings growth to continue wel
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
24th Jun 2010 09:47
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0847 GMT [Dow Jones] Investec Securities raises ASOS (ASC.LN) price target to 895p from 570p. Recognises the company's solid
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