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
Company
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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The UK is still driving sales growth for ASOS, though Europe remains a key focus
There's a flurry of interesting small cap firms reporting this week, alongside AIM internet retail biggie ASOS....
Customers in China will still be able to buy its products through the website
A flurry of items were picquing web interest, including topics ranging from crowdfunding and a new deal for e-commerce giant Amazon.
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Retailers, and their post Christmas numbers, have been in focus all week, big and small, so when online fashion group ASOS (LON:ASC), the largest junior on AIM, reports, small cap investors tend to take notice.
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Retail, housebuilders, Wolseley, Elementis, Standard Chartered...
AIM's largest company has picked up the pace somewhat since it last reported.
With food prices in decline, supermarkets are finding it hard to grow like-for-like sales, but it means the Bank of England is in no hurry to raise interest rates to combat inflation
The twin perils of food deflation and the hard discounters continue to threaten the supermarkets, while the warmish weather has caught firms on the hop
Hurrah! Savings rates are set to rise from insultingly low to merely pitiful; however, Aim's growth stocks may provide an interesting alternative for income seekers
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ASOS, Boo and SuperGroup to have full stockings, while M&S, Halfords and SPorts Direct may be disappointed says Peel Hunt
Update: Comment added on Bezant and Galileo.
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Jefferies tackles the $64mln question at SSE. Home Retail is hammered after a profits warning.
Investments and investor services
Costa Coffee and Premier Inn owner Whitbread and Holiday Inn-owner Intercontinental Hotels Group did their best to boost the index.
The FTSE 100 Index was 16.47 points adrift at 6335 by lunchtime
Investments and investor services
The FTSE 100 Index rose 9.55 points to 6361 in the first hour of trading
Variable price adjustments by region seems to have done the trick in terms of restoring top line sales growth momentum
Investors will get a look at how the living wage is impacting firms when Whitbread reports on Wednesday.
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ASOS gained about 5% this past week amid analyst upgrades
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Next, ASOS and Primark owner ABF were all upgraded, while Premier Farnell, Genus, Kaz Minerals, EnQuest and Wolseley were also in the broker spotlight