UK SMALLCAP ROUNDUP: First Property Sees Asset Growth
9th Jun 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 FIRST PROPERTY GROUP PLC (FPO.LN), a U.K. property fund manager, Wednesday posted a 28% fall in fiscal 2010 pretax profit but said its earnings are set t
Read moreLondon midday: Oil stocks slow Footsie
9th Jun 2010 12:04
The blue-chip index has limped back into the blue despite the weakness of oil stocks. Around three quarters of the market-value weighted index's constituents are higher but with heavy hitters BP, Shell and BG in the red the Footsie is struggling to make headway. BP investors are concerned by the ve
Read moreMARKET TALK: ASOS FY In Line - Investec
9th Jun 2010 10:04
0904 GMT [Dow Jones] ASOS's (ASC.LN) FY results are in line with Investec Securities' and the market's expectations. Says current trading remains strong, with group sales growing by 58% in the first nine weeks of FY '11. Says the main news is ASOS's announcement of a GBP20M investment into a new war
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
9th Jun 2010 10:04
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] 0904 GMT [Dow Jones] ASOS's (ASC.LN) FY results are in line with Investec Securities' and the market's expectations. Says
Read moreUPDATE: Asos Invests GBP20M In New Warehouse To Drive Growth
9th Jun 2010 09:37
(Adds CEO comment, analyst comment, detail) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Online fashion retailer Asos PLC (ASC.LN) Wednesday said it will invest GBP20 million in a state-of-the-art U.K. distribution center aimed at driving sales growth. "It should be
Read moreUK SMALLCAP ROUNDUP: Afnat Resources In JV With Rio Tinto
9th Jun 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 AFNAT RESOURCES LTD. (AFNR.LN), an Africa-focused nickel, zinc and uranium miner, Wednesday said it agreed to enter a joint venture with mining giant Rio
Read moreLondon open: Early gains for blue chips
9th Jun 2010 08:50
London's blue chips have opened firmer after yesterday's rebound by Wall Street. Royal Bank of Scotland is going well on a report in the FT that the state-owned bank has drawn up a shortlist for two key businesses that are expected to fetch about £4bn. BP, though, is lower with investors still con
Read moreMARKET TALK: ASOS Sales Mix Moves Towards The UK -S Pierce
9th Jun 2010 08:46
0746 GMT [Dow Jones] ASOS's (ASC.LN) FY results are broadly in line with market expectations, says Seymour Pierce. Says current trade in the nine week period to June 6, 2010 remains consistent with the previous update. "However, the mix has slightly changed with UK taking greater share of the growth
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
9th Jun 2010 08:46
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] 0746 GMT [Dow Jones] ASOS's (ASC.LN) FY results are broadly in line with market expectations, says Seymour Pierce. Says cu
Read moreLondon pre-open: Stocks set to rise
9th Jun 2010 08:04
London's blue chips are expected to open firmer after yesterday's rebound by Wall Street. Financial software provider Misys is to return more than $1bn to shareholders after selling the majority of its stake in its Allscripts subsidiary. The sale of shares by Misys will enable Allscripts to procee
Read moreAsos FY Profit +44%; To Spend GBP20M On Distribution Center
9th Jun 2010 07:25
LONDON (Dow Jones)--Online fashion retailer ASOS PLC (ASC.LN) Wednesday posted a 44% jump in fiscal 2010 pretax profit and said it is to spend GBP20 million on a state-of-the-art distribution center that will have an initial capacity of up to GBP600 million of sales. Asos, whose fashions are tar
Read moreASOS FY profit soars
9th Jun 2010 07:11
Online clothes retailer ASOS reported a whopping 44% increase in full year pre-tax profit while revenue surged 35% as demand accelerated. "The widely predicted slowdown in consumer spending, specifically amongst the younger customer groups did not materialise and the Internet continued its strong
Read moreWednesday preview: ASOS, UK trade
8th Jun 2010 17:01
Online clothes retailer ASOS reports on Wednesday where it will be seeking to shake off a growing perception that the days of exceptional sales growth are in the past. Its sales continued to slow in the final weeks of the year to March, though a pick-up in April meant it was more confident over 201
Read moreBroker snap: Bargains on the high street
13th May 2010 11:53
The recent stock market sell-off has presented buying opportunities in the clothing sector, despite the likelihood that attempts to tackle the budget deficit will put further pressure on consumer spending. Analysis conducted by Panmure Gordon reveals clothing purchases have been less discretionary
Read moreBroker tips: Persimmon, ASOS, NCC
23rd Apr 2010 13:14
Panmure Gordon has reiterated its 'buy' recommendation for Persimmon following the housebuilder's interim management statement earlier this week. "We believe that its aggressive stance on write-downs versus its peers and the prospect of another year of strong cash generation in 2010, leave the busi
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