Three reasons why Next investors shouldn't get too carried away just yet
The retailer smashed expectations with its first-quarter results, but there are still a few reasons why investors shouldn’t be getting too carried away
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 shares drop as worries over costs counter jump in first-half sales, profits
The AIM-listed firm said it is increasing its capex guidance to £230mln-£250mln for full-year 2018, accelerating some of its capital investment projects around the world
Investments and investor services
FTSE 100 closes in red amid trader tensions but Tesco soars
FTSE 100 closed in the red - down around nine points at 7,257
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Tesco's results to be a "positive catalyst" for the share price
Updates are expected from Tesco, ASOS, PageGroup and McCarthy & Stone
Asos and Fevertree help to push average market cap of AIM companies past £100mln
Notable success stories such as Fevertree, Asos and Boohoo have helped to push the average market cap of AIM-listed companies up to £111mln – a 49% increase compared to four years ago
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Retailers and recruiters in focus as Tesco, ASOS, Hays and PageGroup report
The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
Next, M&S, Pets at Home and B&M slump on Citigroup downgrade
Citi said investors should buy online over bricks and mortar retailers and European over UK stocks
ASOS PLC’s chief financial officer, Helen Ashton to unexpectedly quit her role from next month
The AIM-listed online fashion retailer said Ashton will retire from the board on April 30 but remain an employee of the company until August 31 to ensure an orderly handover
Jefferies upgrades online fashion retailer ASOS to ‘buy’, increases price target
In a note to clients, analysts at the US banking firm said they view ASOS's functionality "rich digital platform" as a long-term winning model
Philip Green faces questions from MPs over reported sale of Arcadia
Labour MP Frank Field is writing to Arcadia and the pensions regulator with questions about the possible sale of the business
Sales soar at Asos, driven by “exceptionally strong” UK performance
With all the talk of a weakening consumer environment, some might be surprised to see that the UK was Asos’ main growth driver in the last four months of 2017
Investments and investor services
FTSE 100 closes lower as Euro gains ground
Britain's blue-chip benchmark finished around 27 points lower at 7,615.
Investors to look for clarity on Fox takeover in Sky’s trading update on Thursday
The proposed £11.7bn takeover of Sky from Fox is all becoming a bit messy, so investors will be hoping the UK broadcaster can shed some light on whether a takeover from anyone is likely
Investments and investor services
FTSE 100 closes in red amid low volatility
The FTSE 100 closed around 15 points lower - at 7,715
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Margin improvements the focus for interims from drinks group Diageo in coming week
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
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Coffee break eyed at Whitbread as retail trading updates continue to flow
Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
FTSE 100 closes in red as Wall Street comes off recent highs
London's top tier index closed down nearly 28 points at 7,696
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Updates from UK food retailers on the menu, as well as high street stalwart M&S in coming week
Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
Brexit could hamper turnaround of Carpetright and other UK retailers, says Deutsche Bank
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
TomCo dives as chief executive hands in his notice
Some of the main news-driven risers and fallers in London on Tuesday…
ASOS upgraded by Deutsche Bank as part of New Year review of retail sector
Deutsche Bank has identified a number of themes for the retail sector: continue to favour online clothing sellers over bricks & mortar operations; beware of "value traps" and turnaround plays
FTSE 100 closes in red as UK manufacturing growth slows more than expected
The FTSE 100 gave up some of the gains made on its recent record-breaking run, with the pound's rise partially to blame
ASOS's price target raised by RBC Capital Markets
ASOS trades on a massive earnings multiple but RBC remains a fan, believing it has "deep competitive moats"
Cyber Monday: Amazon, BT and Argos among big brands to slash prices
Amazon is holding so-called ‘Lightening Deals’ while BT is offering discounts on broadband packages
ASOS in fashion as HSBC upgrades its stance to 'buy' from 'hold' following recent results
A look at some of the biggest risers and fallers today in London
Greatland Gold surges again after Ernest Giles project extension move
A look at some of the biggest risers and fallers today in London
Asos profits up 145%, online retailer bullish on the outlook for current year
Revenues grew by 33% to £1.92bn for the 12 months ended August, while pre-tax earnings were up 145% at £80mln
Investments and investor services
FTSE 100 ends in the red amid Brexit jitters and rise in UK inflation
The FTSE 100 index closed down 10.8 at 7,516 on the day
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ASOS's guidance for current year the main focus
We already know revenues for the year just gone will be at the top end of analysts' forecasts
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UK inflation and jobs data to show real wages remain under pressure
The Week Ahead includes economic data on UK jobs, inflation and retail sales along with full year results from ASOS and Bellway and trading updates from Travis Perkins, Merlin Entertainments, Unilever and Intercontinental Hotels Group
ASOS no longer out of fashion at Credit Suisse
The valuation premium versus ASOS’s peers is now at its lowest in a year
New Look sees no sign of tough UK fashion retail market letting up as first quarter sales fall
New Look's chief executive Anders Kristiansen expects challenging market conditions to persist into 2018 amid Brexit uncertainty
UK online fashion retailer ASOS invests in USA where sales are growing
The new warehouse, near Atlanta, Georgia will have space for 10mln items..
ASOS expands in US with US$40mln investment in new warehouse near Atlanta
ASOS said the new US warehouse marks a “significant progression” in its global expansion
ASOS and Boohoo face new AIM rival as fashion retailer Quiz set for £200mln IPO
Quiz looks set to fetch a market value of £200mln in its initial public offering
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ASOS seems happy to be AIM's standard bearer
ASOS is almost the size of a FTSE 100 company, so why is still listed on AIM?
ASOS expects to reach top end of sales growth guidance this year after solid trading update
ASOS continues to heap pressure on traditional bricks and mortar retailers as more consumers turn to online shopping
Investments and investor services
FTSE 100 closes down a shade with BT Group plc top dog
Footsie was becalmed throughout the day, leaving the mid-cap FTSE 250 to claim the limelight
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How will Premier Oil follow-up up the news of a world class discovery?
Thursday's trading update comes immediately after news of Premier's new Mexico discovery.
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Marks & Spencer and Burberry both need to regain momentum
Week ahead: Marks & Spencer, Burberry, JD Wetherspoon...
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The Rookie Investor: Learning not to get caught in the value trap
Sometimes a cheap stock is cheap for a reason, not just because it’s good value…
Quiz Clothing to join Boohoo and ASOS on London's AIM market as it confirms intention to float
Quiz is seeking admission to raise funds to support its expansion plans
ASOS and Boohoo: Which one to choose?
We pit AIM’s two biggest companies against each other to see which one could be the better investment
Boohoo raises full year revenue guidance after strong first quarter trading
Boohoo has announced a £50mln fundraising to support its plans for capacity expansion as the fashion retailer grows in popularity among young fashionistas.
Porta Communications shares jump after board reshuffle
Shares in InnovaDerma and Porta Communications have advanced while shares in Audioboom and Nyota Minerals have fallen
FTSE 100 dragged lower as Brexit worries whirl; Sainsbury's weighs
The FTSE 100 closed 15.52 down at 7,234 with Sainsbury's and mining shares under pressure
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Small cap movers: PhotonStar shines out on internet-of-things platforms roll-out to student accomodation
A look back at some of the week's more interesting stories from those on the junior market
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Sirius Minerals' departure leaves AIM's billionaires club one light
Among Aim’s big boys, Sirius is currently ranked fourth with a market cap of just under £1.1bn.
Asos shares fall as Credit Suisse cuts rating to 'underperform'
Asos reported robust interims this week but Credit Suisse is cautious on its high cost of doing business
ASOS ups full-year sales guidance as it delivers more punchy numbers
Investors are taking profits today though, which is weighing on the share price
FTSE 100 finished higher as miners support; supermarkets weigh
FTSE set to rise by fifteen points when the market opens
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ASOS expected to post another set of strong results
Analysts aren’t forecasting any surprises when the popular online fashion retailer reports its interims on Tuesday
Investments and investor services
FTSE 100 finishes lower as Dow Jones plunges
Since the manufacturing index reached a two-and-a-half-year high last December, the story has been one of a gentle decline - Martin Beck, senior economic advisor to the EY ITEM Club
Archive
ASOS tipped to show strength
Week ahead: Asos, Panmure Gordon, Sprue Aegis, Electrocomponents
Online fashion group ASOS back on track, says Barclays, which starts coverage
Barclays said that after a “year of pain” in 2014, ASOS is back on track...
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Anatomy of a growth company
He's one of the big players in UK fund management, although for the purposes of this column his identity is a closely guarded secret as he gives his views on investment from the heart of the Square Mile.
Boohoo.com's US growth wows Peel Hunt
Target rises to 180p and profits forecast increased by 11%
ASOS sales momentum divides City opinion
Goldman Sachs is a buyer but Deutsche Bank's target is well under the market price
Snow worries? How the High Street has fared over the Christmas trading period
With an avalanche of updates to trudge through – not least a blizzard of them today – the actual outcome has not sent as many shivers through the City as expected.
ASOS says price cuts are paying off
The international business did particularly well with a 52% increase in revenues, boosted by the weak pound.
Day ahead: Christmas retail merry-go-round continues with M&S, Primark-owner AB Foods, and Tesco
After Next kicked off the sector Christmas updates with a profit warning last week, shareholders should be more nervous on what M&S and Primark will deliver.
Week ahead: Blizzard of trading updates to show the icy front on UK high streets
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
ASOS price target cut by Goldman Sachs
Tweaking his model, analyst Carl Hazeley has pulled his price target back to £58 a share from £62, but retained his ‘buy’ recommendation.
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Trending: No Brexit worries for ASOS
Despite initial Brexit fears, ASOS is the latest company to commit to adding more UK jobs
Hurricane Energy is defying accepted North Sea logic & other small cap highlights
The success of an AIM-quoted company in the waters to the west of the Shetland Islands could transform the domestic oil industry.
Archive
ASOS and Burberry get reality checks; Reckitt fails to cut the mustard
Life's tough for glamour stocks that stop dazzling. Meanwhile, Reckitt fails to cut the mustard and Travis Perkins lowers guidance
FTSE 100 shares end higher in a 7,000 level photo finish
FTSE 100 shares managed to close higher on Tuesday and hold onto the 7,000 mark – just. The blue-chip ticker ended up 0.8%, or 52 points, at 7,000.06 in what looked like a photo finish
Risers & fallers: Botswana Diamonds loses lustre as it commences drilling
Botswana Diamonds said drilling has commenced on kimberlite pipe AK 22 on Licence PL 260 in the Orapa area of Botswana
ASOS beat forecasts; shares succumb to profit-taking
Delivering better than expected first half results, the online clothes retailer said its growing international business had benefited from the weak pound.
Sterling's plunge is a boon to fashion firms ASOS and Burberry
ASOS is very clearly on the front foot, Peel Hunt asserts
Investments and investor services
FTSE 100 dragged lower by publisher Pearson
FTSE 100 shares were dragged lower by education publisher Pearson on Monday which plunged as much as 11% after it reported falling sales amid "challenging" trading
Week Ahead: Retailers ASOS and Burberry go head-to-head
The collapse of sterling will have been a boon to both retailers
Chartist sees Christmas coming early for investors in ASOS
“The chart probably says it all,” Mir says in a TIP TV segment for Proactive Investors.
Weighing N Brown ahead of Tuesday’s interim results
Jacamo and Simply Be owner N Brown releases interim results on Tuesday.
Fresnillo twinkles after upgrade from HSBC
Silver miner's stock rises after broker advises investors to buy it
Archive
AIM is booming, but just what are the junior market's most popular stocks?
Demand for growth stocks has been steadily building since it hit its nadir at the end of 2012.
ASOS high ... and UBS thinks it will continue to come up trumps
The online fashion retailer's shares are flying again, as they did before cratering in 2014, but this time it's different, UBS says
Archive
Brokers: Heavyweights keen on Morrisons
Exane BNP Paribas and Bernstein both upped their recommendations for the supermarket chain
ASOS pays £20mln to settle trademark dispute
"We are pleased to have put this litigation behind us. Entering into this settlement at this juncture is the right commercial decision for our business."
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Brokers: ‘Painful transition’ for M&S
Barclays took opposing views on the futures of high street stalwarts compared with younger online retailers on Friday.
Investments and investor services
Liberum says accept ‘attractive’ offer for Poundland
“The cash offer of 222p is highly attractive and we would advise shareholders to accept.”
Asos sees higher sales but margins take hit
Online fashion retailer expects a full-year sales increase at the upper end of the 20%-25% range
London stocks close at 11-month highs after S&P500 hits new record
London shares closed on Monday at their highest level in exactly eleven months, feeding off Wall Street’s record levels
PREVIEW- How is ASOS travelling on its roadmap?
Numis said that the recent weakness in Sterling gives the group additional firepower to reinforce its international pricing position
Footsie gains as traders eye possible interest rate cut
The FTSE 100 Index climbed 55.17 points while M&A talk involving AstraZeneca re-emerged
Investments and investor services
FTSE 100 Index climbs as US non-farm payrolls boost sentiment
The FTSE 100 Index climbed 10.68 points to 6601.32 while the FTSE 250 rose 119.76 points to 16297.51
Week Ahead: ASOS PLC likely to welcome sterling's post-Brexit tumble
Youth-orientated fashion firms ASOS and Supergroup go head to head, while a bit further up-market Burberry may regard the Brexit fall-out as a mixed blessing
Archive
Brokers: Henderson and Tullow Oil downgraded by brokers
Henderson Group and Tullow Oil were both downgraded by brokers on Thursday
Customers continue to flock to ASOS
ASOS continues to expect to deliver full-year sales growth of around 20%, an investment of up to half a percentage point in retail gross margin and a group EBIT margin of around.4.0%
Tuesday's agenda: UK to drive top-line growth at ASOS
The UK is still driving sales growth for ASOS, though Europe remains a key focus
Week ahead - ASOS, Ergomed and Optibiotix Health among AIM stocks reporting
There's a flurry of interesting small cap firms reporting this week, alongside AIM internet retail biggie ASOS....