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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
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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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
Archive
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