Boohoo.com (BOO)

Shares in online fast fashion retailer ASOS (ASC:AIM) rallied 17% to £29.94 on Wednesday despite news of a two-thirds decline in full year profits. Instead investors in the one-time AIM darling concentrated on relief that there was not another damaging profit warning and the company's confidence that it can, and will, fix the operational issues that have dogged the company for ...

UK stocks opened weaker, dragged down by weakness in oil shares and US president Trump’s outburst at the United Nations General Assembly at China’s trade practices, saying he would not accept a bad deal. The FTSE 100 index was down 40 points or 0.6% at 7,254 while the FTSE 250 index was trading off 91 points at 19,813 points. Food retailer J Sainsbury (SBRY) reported good momentum in ...

The FTSE 100 opens marginally lower at 7,304 on Thursday after the Prime Minister was boxed in by Parliament overnight. MPs from both sides blocked both a no-deal Brexit and a call for a snap election. In addition a number of stocks are trading ex-dividend today, dragging on the index. After the close last night FTSE Russell announced its quarterly index review, making three changes to the FTSE ...

Continuing our look at the FTSE 350, this week we consider consumer stocks and pick five of our favourites. Three are from the FTSE 100 and two are from the FTSE 250. We’ve woven our picks in with some brand-new market research on Britain’s Favourite Brands which came out at the start of the month. During June and July YouGov (YOU:AIM) surveyed some 9,000 British consumers to find out ...

Fallen online fast fashion retailer ASOS (ASC:AIM) has asked suppliers to swallow discounts on its orders as the one-time AIM darling seeks to cut costs and fend off short-sellers following a slew of profit warnings. According to Drapers, ASOS penned a missive to suppliers to request a three per cent discount in prices on all stock it receives after 1 September. It argued the ‘necessary ...

Shares in pure-play online fashion retailer Boohoo (BOO:AIM) bounced 3.3% higher to 237.7p after confirming media speculation it has made an offer to acquire the online business of British brands Karen Millen and Coast from the administrators. The bid demonstrates the increasing clout and ambition of Boohoo, flourishing at a time when online fast-fashion peer ASOS (ASC:AIM) is struggling. It ...

Pure-play online fashion retailer Boohoo (BOO:AIM) is now worth more than former AIM market superstar ASOS (ASC:AIM), demonstration the duo’s contrasting fortunes. Boohoo is profiting from its multi-brand approach, youth appeal and social media marketing, while ASOS has de-rated on concerns over slowing growth, margin pressure and mistakes in the US. Having briefly topped the market price ...

UK stocks opened lower on Wednesday as protests in Hong Kong against a controversial China extraditions bill intensified, while US-China trade tensions lingered. The benchmark FTSE 100 index was down 27.02 points, or 0.4%, at 7.371.43. British American Tobacco (BATS) fell 2.8% to £29.84 as it guided for revenue growth in its new category business, which includes vaping, at 'around the ...

The dictionary definition of quality is ‘the degree of excellence of something’. Handmade Hermes scarfs that use high quality silk would fit this description of quality. However, just because a company makes high quality products, it doesn’t necessarily mean that the business itself would be considered a quality business by investors. This article looks at three different metrics which ...

Online fashion retailer Boohoo (BOO:AIM) delivers strong results for the year to 28 February with sales up 48% to £857m and EBITDA (earnings before interest, tax, depreciation and amortisation) up 49% to £76.3m. New chief executive John Lyttle cheered the ‘excellent’ financial and operational performance and believes the company is ‘well positioned to disrupt, gain market share and ...

On the day that the top job is advertised at the Bank of England it is figures from fast fashion businesses Boohoo (BOO:AIM) and Primark, and its owner Associated British Foods (ABF) that are likely to grab investor attention. Primark-owner AB Foods has reported half year revenue of £7.5bn and adjusted operating profit of £639m, largely flat year-on-year but it is the low cost fashion arm ...

The retail and leisure sectors are full of companies with accounting red flags, according to investment bank Liberum which has screened for future business risks by looking at profit smoothing, working capital, cash uses and governance issues. It declares Domino’s Pizza (DOM) to have the biggest red flag when it comes to looking at one-off items in financial results, often called exceptional ...

Charismatic clothing entrepreneur Julian Dunkerton has succeeded in his bid to wrest back control of embattled fashion brand Superdry (SDRY). Dunkerton will now look to arrest the steep trading decline at the jackets-to-sweatshirts seller that has been his life’s work, while the incumbent CEO Euan Sutherland is sure to be shown the door. READ MORE ABOUT SUPERDRY HERE Superdry’s ...

Less than two years since Standard Life and Aberdeen Asset Management merged, the enlarged group is finally dispensing with its unpopular co-CEO structure as Martin Gilbert is relegated to a different role. The boss of Aberdeen Asset Management before the tie-up, Gilbert will remain with Standard Life Aberdeen (SLA) as vice chairman for the time being with a focus on client relations, although ...

Management at fading fashion brand Superdry (SDRY) comes out fighting on Monday as the embattled board seeks to block the return of charismatic co-founder Julian Dunkerton (pictured below) to the struggling jackets and sweatshirts seller. Currently led by chief executive officer (CEO) Euan Sutherland, the incumbent board insists its strategy is working – an optimistic assessment given the ...

Maligned retail player Ray Kelvin has resigned as chief executive of British fashion label Ted Baker (TED) following an ongoing probe into ‘hugging’ claims made by some employees. Kelvin is the creative inspiration behind the brand he founded in Glasgow over 30 years ago and he remains the dominant shareholder with a 34.9% stake. We wouldn’t be surprised to see more directors leave the ...

Festive updates from the retail sector continued to trickle in with JD Sports Fashion (JD.) and BooHoo (BOO:AIM) joining the list of Christmas winners in the sector. The update from JD on 14 January didn’t break out the Christmas period but said like-for-like growth remained ‘consistently positive’ over both Christmas and Black Friday in the context of a 5% increase in like-for-like sales ...

Online fast fashion retailer Boohoo (BOO:AIM) upgrades its full year sales growth guidance after generating bumper sales over a Christmas period which proved a brutal time for many rival UK clothing purveyors. Manchester-headquartered Boohoo’s raised guidance stands in stark contrast to pure play online peer ASOS (ASC:AIM), still reeling from a punishing profit warning in December where it ...

News of Chinese stimulus helps support the FTSE 100 as investors await the outcome of today's crunch vote on Brexit later. Theresa May's draft deal is widely expected to be voted down. The FTSE 100 is currently 0.2% higher at 6,867.15, though the more domestic-facing FTSE 250 reverses earlier gains to trade 0.2% lower. House builder Persimmon (PSN) dips 1% to £22.07 as it guides for annual ...

Shares in online electrical retailer AO World (AO.) have fallen by 56% in value since joining the stock market in 2014. The compelling investment case outlined nearly five years ago was that AO World would disrupt the UK white goods market, yet according to brokerage Shore Capital, AO World is ‘in a perpetual downgrade cycle that, in our view, looks sustained’. THE GOOD AND THE BAD ...