Boohoo.com (BOO)

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 ...

Online fashion retailer ASOS (ASC:AIM) slumps 41% to £24.63 after issuing a festive shocker of a profit warning, cutting its annual sales growth and margin forecasts amid a fall in consumer confidence and a flurry of margin-crimping discounts. This earnings alert from the highly-rated web-based fashion wonder suggests trading is even worse than thought in the run-up to Christmas, with ...

The FTSE 100 is a bit lower this morning, down 0.2% to 6,832.58 on continuing uncertainties linked to global trade and Brexit. But there is only one place to start this morning and that is with the shockwaves being sent through the retail sector by a major profit warning from online fashion firm ASOS (ASC:AIM). Shares in the company plunge 37.8% to £26.02 as it reveals that for the current ...

UK stocks fall in line with continental Europe and US index futures as worries over the strength of the US economy begin to weigh on sentiment. In early trade the FTSE 100 index gives up almost 2% to 6,792.10, a new two-year low, while the FTSE 250 gives up 1.5% to a low for the year of 17,995 points. Tomorrow sees the release of three closely-watched indicators of the health of the US economy ...

Investing in equities comes with risks attached. How investors must wish they could see into the future so they know what to expect and could take action accordingly. Obviously, this is impossible but by using handy tools like Shares’ market diary, you can at least know when to expect updates from UK companies and key bits of economic news. As a general rule of thumb, companies in the same ...

Among the high growth stocks which have sold off in the recent roiling of equity markets are online fashion phenomenon ASOS (ASC:AIM), online grocer-turned-platform, Ocado (OCDO), video games services provider Keywords Studios (KWS:AIM), attractions software supplier Accesso Technologies (ACSO:AIM) and mixers marvel Fevertree Drinks (FEVR:AIM). Other high-flying stocks such as Games Workshop ...

Struggling fashion retailer French Connection (FCCN) says it is reviewing strategic options which could include a sale of the company. The news sends shares in the company surging, up 37% higher to 58.5p. Press speculation swirled over the weekend regarding the potential sale of the company, with Sky News reporting that French Connection chairman and CEO Stephen Marks had approached bidders to ...