ASOS expected to “go hard” into Black Friday but has “a lot to prove” this Christmas, says Peel Hunt
The broker said the online retailer is ready for the upcoming peak trading season, when it “needs” to deliver a successful performance
Company
ASOS PLC
LON:ASC
Asos.com is the UK's largest online fashion and beauty store, attracting over one million visitors a week. Asos.com is traded in the NEX Exchange HERE
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ASOS can rack up profits again, says UBS
The broker retained the ‘neutral’ rating as the operational issues and rising customer acquisition costs could potentially keep the firm under pressure
ASOS shares shine but lack of guidance leaves analysts in the dark
Brokers are wondering whether the online fashion retailer can improve its underlying gross margin percentage
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Angling Direct reels in gains following Erics acquisition
A look at some of the major risers and fallers in London on Wednesday
ASOS wants its customers back after a year of “substantial change”
The AIM-listed firm reported the expected plunge in full-year profits after its US expansion came with operational issues causing a great deal of disruption
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Asos full-year figures not expected to be pretty
There are also numbers due from Barratt Developments, Rio Tinto and Mediclinic International
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Small cap movers: ASOS sinks as UBS warns it could be “biggest loser” from digital sales tax
A look at some of the more interesting stories from the junior market over the last week
ASOS and Amazon would be hardest hit if government brings in online sales tax, claims UBS
Pressure is growing on the government to level the playing field and cut levies for bricks-and-mortar retailers while hiking taxes for the online bunch
ASOS shares come under pressure as short-sellers tighten the screw
Since the start of August, three investment firms have increased their short positions in the online fashion giant
Berenberg's scoops from the retail front line: sell Asos buy ABF
Asos was downgraded to ‘hold’ from ‘buy’ but the analysts said the e-retailer's problems are “far from insurmountable”
ASOS shares lifted by Morgan Stanley upgrade
After last week’s profit warning-inspired plunge, Morgan Stanley believes ASOS is now fairly valued
Morgan Stanley upgrades Asos as growth expectations have been 'fundamentally reset'
The investment bank's upgrades upgraded its rating on the online clothes retailer to ‘equal-weight’ from ‘underweight’
Barclays not convinced ASOS management has what it takes to crack America
The huge US opportunity is still there, says Barclays, but its confidence in the management team to grasp it has “significantly reduced”
Recent profit warnings put a £200mln dent in ASOS founder’s net worth
Nick Robertson’s stake in the online fashion retailer has plunged after two recent profit warnings, and he’s not the only retail mogul to have suffered in recent years
ASOS predicts 70% plunge in annual profits as teething troubles with new warehouses persist
The opening of the new distribution hubs in Atlanta and Berlin was supposed to lead to a sales surge for ASOS, instead, they’ve caused nothing but problems
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Small cap movers: ASOS considers taking a leaf out of Deutsche Bank’s book as it mulls job cuts
A look back at some of this week's more interesting stories from London's junior market
ASOS set for jobs cull at London head office – reports
ASOS is looking to keep a lid on its costs as it recovers from a near-90% plunge in profits in the first half of its financial year
ASOS shares tumble as UBS removes ‘buy’ recommendation amid US margin concerns
ASOS is trying to drive top-line growth by trimming its prices, particularly in the US, where promotional activity is up 10% year-on-year, according to UBS's data
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Inflation figures to lead macro news on Wednesday, Royal Mail braces for full year figures
Economists are expecting the consumer price index to be well below the recent growth in average earnings at around 1.8% year-on-year in April
Shore Capital removes ‘buy’ recommendation for boohoo, says shares are ‘fairly valued’
Boohoo shares have shot up by more than a fifth over the past month, following a strong set of full-year results
Sports Direct sells 'gulag' Shirebrook warehouse for £120mln
The FTSE 250 sportswear retailer, run by infamous retail tycoon Mike Ashley, said the deal was expected to complete by 21 June, after which it would sign a 15-year lease on the site
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Still no opportunities to sell in May, with Royal Mail and M&S set to deliver updates
The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
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Primark owner AB Foods to take results spotlight on Wednesday
Primark’s performance is an all-important indicator for the FTSE 100 firm, especially with its sugar division continuing to struggle amid falling prices in the EU
Five things Primark is doing right to avoid same fate as Debenhams and House of Fraser
With the launch of its Birmingham megastore, Primark is giving customers a shopping experience –a trend Liberum analyst Robert Waldschmidt thinks other retailers will follow to improve footfall
Quiz to "work productively” with collapsed Debenhams as it keeps previously downgraded earnings forecast
“We note the recent announcement from Debenhams PLC that whilst they have entered into administration the underlying operating companies continue to trade as normal with suppliers expected to be unaffected,” Quiz said
ASOS results illustrate the truism that online retailing is all about delivering, as costs jump on warehouse spending
Russ Mould, investment director at AJ Bell pointed out: "The pressure is on for ASOS to sustain its reputation of fast growth and management will be hoping that the current hiccups will go away without any more shocks”
ASOS shares firm as it maintains full-year guidance although first-half profits plunge on higher costs
“ASOS is capable of a lot more,” said chief executive Nick Beighton
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FTSE 100 ends flat as the market awaits the outcome of EU leaders emergency meeting on Brexit
The raft of macro-economic news from the US, the UK and ECB policy failed to cheer the FTSE 100 as the focus turned to the meeting in Brussels
Another shock on the cards for ASOS investors in Wednesday’s interim results?
A Sunday Times article over the weekend suggested that half-year profits could plummet by almost 90%
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Tesco results to dominate company news on ‘Super Wednesday’
With the latest data showing the supermarket losing market share to discounters, investors will be hoping for news on how the group plans to maintain its position at the top
Investments and investor services
FTSE 100 just about manages to close in positive territory as crude oil hits 5-month high and Brexit talks continue to take centre-stage
Brent crude hit a five-month high, led by OPEC's supply cut and geopolitical tensions
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Small cap movers: ASOS shrugs off wrath of ‘influencers’ as its returns policy cracks down on “the hashtag moment”
A look back at some of the more interesting stories from the junior market over the past week
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Retailers Tesco and ASOS to provide the main corporate excitement in coming week
Also on the retail front, WH Smith and Dunelm will issue updates as well in the Week Ahead, while on the macro front an ECB rate decision and US FOMC meeting minutes are also due
ASOS shares dive as millennials react with horror to returns policy changes
ASOS is cracking down on customers who it suspects of buying clothes to wear just once and then ship them back
What went wrong with ASOS’s US business last month?
In short, ASOS hadn’t employed enough workers at its new warehouse in Atlanta to deal with an “unprecedented” spike in demand across the pond
ASOS stumbles again as teething troubles at new Atlanta warehouse knock US sales
The distribution centre in Atlanta went fully online last month but the 700 or so workers struggled to keep up with the sheer volume of orders coming through
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FTSE 100 joins other global indices to head higher and finishes above 7,300
The Footsie added 0.34% to close at 7,324, while US shares are also higher at the time of writing
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Brexit 'Meaningful Vote 3': Slasher, thriller, or just postponed?
Aside from the Brexit shenanigans, the Day Ahead will also bring the release of the latest UK jobs data, plus trading updates from online retailers Ocado PLC and ASOS PLC
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Retail results to vie with 'Meaningful' Brexit vote, UK, US rate decisions, and key data
DIY stores owner Kingfisher, clothing retailer Next, plus troubled fashion firm Ted Baker will report full-year results, with trading updates due from internet grocer Ocado and online fashion group ASOS
Britvic names new chief financial officer to replace Matthew Dunn who is leaving to join ASOS
The FTSE 250-listed group said Joanne Wilson is currently chief financial officer at customer data science company, dunnhumby, which is owned by Tesco PLC
Why it makes no business sense for Primark to move online
Because Primark’s clothes and accessories are so cheap, the shipping and return costs are often more expensive than the cost of the goods themselves
ASOS’ Christmas sell-off was overdone, says RBC, as it lifts fashion retailer's price target
More than £1bn was wiped from ASOS’ value in December on the back of a shock profit warning, but RBC thinks the sell-off was overdone, although it has created an “opportunity” to buy the stock
Archive
Small Cap Movers: AIM hit by sharp downturn in 2018 as fundraising drops and firms exit
A look back at some of the more interesting stories from the junior market over the past week
Boohoo cries tears of joy as it raises full year revenue guidance
"We are delighted to be reporting yet another great set of financial and operational results and would like to say a very big thank you to all our team and customers,” said joint chief executives Mahmud Kamani and Carol Kane
How JD Sports bucked the high street doom and gloom once again
Analysts reckon it’s a combination of factors, although most of thing come back to the same thing: JD sells things that today’s youth want to buy
ASOS tipped to lift full-year guidance next month as City broker reinstates ‘buy’ recommendation
The online retailer shocked the markets with last month’s profit warning but Peel Hunt expects it to have enjoyed a strong Christmas which should see it lift guidance in February’s trading update
Next upgraded to 'buy' by Liberum after 'excellent performance' over Christmas
Liberum raised its rating on Next to ‘buy’ from ‘hold’ and left its target price at 6,100p
Investments and investor services
FTSE 100 finishes in red on China worries and as US benchmarks tumble
The UK blue-chip benchmark finished around 41 points lower at 6,692
Archive
Next to take lead on Thursday with post-Christmas trading update
The clothing retailer is the first of a deluge of updates from the sector expected over the next few weeks, with many forecasting a sharp downturn for the traditionally busy trading period
Debenhams shares tank as investors expect disappointing Christmas trading update
“Pictures on social media of the retailer’s messy shelves and the usual widespread discounts on goods people don’t really want in the first place would suggest that Debenhams continues to be stuck in a rut,” said AJ Bell investment director
Archive
High street updates, US jobs, UK PMIs to provide focus after New Year holidays
There will be some key data from the US and UK at the start of the new year, and Christmas retail trading news will be a dominant focus notably from Next PLC
M&S balanced on a knife-edge ahead of upcoming trading news with ASOS update unsettling
On January 10, we’ll find out just how kind or terribly unforgiving the market has been to Marks & Spencer - it will also represent a key make-or-break milestone for its chief executive Steve Rowe
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Four stocks to fill your stockings with this holiday season
Some companies stand to gain more than others over the festive season, and with the help of The Share Centre, we’ve picked a handful of stocks to take a look at this year
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High street updates, US jobs, UK PMIs to provide focus after New Year holidays
There will be some key data from the US and UK at the start of the new year, and Christmas retail trading news will be a dominant focus notably from Next PLC
Archive
Bank of England unlikely to follow Fed rate hike lead after last monetary policy meeting of 2019
Recent weak economic data, a general malaise on Brexit and the febrile political environment is now likely to lead to UK policymakers to take more of a ‘wait and see’ approach
RBC downgrades ASOS to ‘Outperform’ from ‘Top Pick’ and slashes target price amid “heightened” macro risk
The Canadian bank cut its target on the stock by more than 50% to 3,200p from 7,700p following a dismal trading update on Monday that sent the retailers shares into a tailspin
John Lewis bucks retail gloom as weekly clothes sales jump
Asos’ profit warning on Monday panicked the whole sector but John Lewis’ buoyant weekly figures have given investors some hope
Is it time to buy ASOS? Analysts at Barclays and Credit Suisse think so
Credit Suisse and Barclays said they still think ASOS is a "long-term winner" despite succumbing to the wider downturn in the retail market
Marks & Spencer investors braced for a tough Christmas after ASOS warning
With consumer confidence at its lowest ebb for almost a year, just what is in store for M&S
ASOS rout puts paid to online resilience against retail weakness
The AIM 100 retailer took a battering on Monday morning after a downgraded set of forecasts caused its shares to shed over a third of their value
Amedeo to bid arriverderci while Red Emperor is buoyed by permitting decisions
A look at the day's major movers, including LiDCO, RA International, KEFI, Rainbow Rare Earths, ASOS and Boohoo
Boohoo shares slide as it seeks to reassure investors amid ASOS profit warning
The AIM 100 firm issued a short update saying its trading performance “remained strong, with record Black Friday sales across the group”
ASOS shares slump on profit warning as it succumbs to challenging retail market
"Whilst trading in September and October was broadly in line with our expectations, November, a very material month for us from both a sales and cash margin perspective, was significantly behind expectations," ASOS said
Archive
FTSE 100 closes lower as US sinks with Santa rally looking a vague memory
At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
ASOS is burning cash, Morgan Stanley says as it slashes target price
Morgan Stanley said unless cash flows improve, ASOS may need to scale back its spending and growth ambitions
Archive
FTSE 100 closes higher but Wall Street lags
The FTSE 250 index, though, fell around 30 points to 18,609 on the day
Archive
Thursday’s spotlight to focus on planes, trains and pubs with meals
Thomas Cook, Go-Ahead Group, and Greene King will be among Thursday's highlights.
Archive
Christmas lights starting to peek out from under spreadsheets as updates slow in last week of November
The Week Ahead will bring a hotch-potch of updates from the likes of blue-chip Intertek Group, and mid caps Thomas Cook, Pennon, Greene King, Go-Ahead Group, and Britvic
Debenhams to unveil turnaround plans to spark revival in its fortunes
Debenhams could scrap the dividend and announce a wave of store closures as it seeks to turn the business around
Britvic shares go flat as CFO leaves for ASOS
Mathew Dunn will fill the void left by Helen Ashton’s sudden departure earlier this year
Archive
Small caps movers: ASOS shares purr as twentysomethings go wild for animal print clothes
A look back at some of the more interesting stories from the junior market this week...
ASOS: The high street killer
If video killed the radio star, ASOS, with a little help from its online peers, is killing off the high street
ASOS jumps as full-year profit narrowly tops forecasts, online retailer maintains current year guidance
The AIM-listed firm saw its pre-tax profit increase to £102mln for the year to August 31, up from £80mln a year earlier, and just ahead of the top of the forecast range of £80mln-£101mln
Department stores aren’t dead: Why Mike Ashley can turn House of Fraser around
A number of companies that operate concessions inside big UK department stores have issued profit warnings of late, so is there still a place on the high street for House of Fraser, Debenhams and co?
Burberry no longer worth shorting after recent slide; RBC still prefers ASOS
After inviting Burberry, ASOS and boohoo to strut the catwalk, RBC sees only one winner
How did it come to this? Patisserie Valerie left begging for money after ‘crazy’ 48 hours
The management, investors and even short-sellers have all been caught out by the sudden change in the company’s fortunes
Is Debenhams' public listing the cause of its woes?
A City analyst has told Proactive that the department store's public listing has "had a negative impact" on its turnaround efforts
£250mln wiped from value of ASOS as biggest shareholder cashes in
Shares sales from major shareholders, especially those at a discount to the market price, are often seen as a sell signal, but the City still reckons there’s some money to be made with ASOS
Next: Five reasons to be cheerful rather than fearful over the outlook for the retailer
Here we discuss Next's latest trading, which precipitated an 8% fall in the share price. But was it all a bit of an overreaction?
Anglo African Agriculture shares jump as first half loss narrows
A look at some of the top risers and fallers in London today
Boohoo shares strut higher on Liberum upgrade
Liberum raised its rating on Boohoo to ‘buy’ from ‘hold’ and lifted its target price to £2.40 from £2.20
ASOS in fashion as Goldman Sachs ups to 'buy' from 'neutral' on back of higher revenue forecasts
Goldman’s analysts said they expect ASOS’s sales to grow by around 24% in full-year 2019/20, which is the top end of the group's mid-term guidance, and see them reaching around £4.5bn/£7bn between full-year 2021 to 2024
FTSE 100 closes higher as pound crashes amid Brexit worries
Footsie added nearly 26 points to stand at 7,626, while FTSE 250 also finished higher - up almost 71 points at 20,871
Dark day for major retailers as disappointing news sends shares sliding across the board
Three major retailers saw their share prices hammered after releasing trading updates
Analysts remain bullish on ASOS despite third quarter sales miss
"The main challenge for ASOS is keeping a lid on the spending needed to support further sales growth,” said George Salmon, equity analyst at Hargreaves Lansdown
Bellzone knocks out £1mln placing after recent share price surge
Some of the main news-driven risers and fallers in London on Thursday ...
ASOS shares tank as third quarter sales miss market forecasts
ASOS left its full year estimates unchanged but expects sales growth to be at the lower end of its guidance range
FTSE 100 closes higher Thursday as traders come back to equities
Sterling was also stronger - up 0.06% to 1.1318 against the Euro and up 0.12% versus the US dollar
Archive
ASOS set for a warm weather boost
Thursday will see retailers ASOS and Dunelm to the fore. The former is expected to issue an upbeat statement while the latter will be looking to prove it is not curtains for its growth story.
How ASOS became the ‘King of AIM’
When looking for the 'next big thing' it is perhaps natural to look back at past success stories - on AIM, there are few bigger success stories than ASOS
Archive
High street vs online: Updates from retailers Mark & Spencer and ASOS will provide fuel
Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
ASOS rallies as it appoints former ITV boss Adam Crozier as chairman
Brian McBride will step down as chairman of ASOS in November after six years in the role
FTSE 100 closes higher as traders cheer up a bit
The UK blue-chip benchmark closed up over 45 points higher at 7,593, while FTSE 250 added over 59 points at 20,665.
Citigroup cuts target for ASOS as online fashion retailer faces margin challenges
“Given the similar growth profiles, along with better cashflow profiles and stronger balance sheets, we prefer Zalando and boohoo on the European apparel e-commerce space,” the analysts said
Asos climbs as City research house highlights US potential
Redburn reckons there is a big space in the US waiting to be filled by Asos, which it prefers over its fast fashion rival Boohoo.com
Online retailer shares pressured by change in US online tax regime
On June 21, the court voted to overturn a 1992 physical presence requirement, which would now allow states in the US to collect an extra US$8-23bn a year in sales taxes
M&S should consider tie-up with Amazon, says former digital boss
"Ultimately working with the likes of Amazon is probably a good way to tackle the digital space," said former M&S global digital director Marcus East
Liberum Capital cuts boohoo.com to ‘hold’ from ‘buy’ on valuation grounds in wake of trading update
Leaving their target price for boohoo unchanged at 220p, Liberum’s analysts said: “At this stage, while we acknowledge the ongoing positive momentum, we believe the shares are up with events"
ASOS has target price cut by Deutsche Bank following share price turbulence
The AIM-listed online clothing retailer has seen its share price fall around 9% since 11 April, after worries over costs offset a jump in first-half sales and profits in its interim results