|Bid||3,082.00 x 0|
|Ask||3,085.00 x 0|
|Day's range||2,957.00 - 3,097.00|
|52-week range||2,033.00 - 4,090.00|
|Beta (5Y monthly)||1.78|
|PE ratio (TTM)||104.18|
|Earnings date||07 Apr 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||4,263.19|
Swedish online lender Klarna, which is backed by rapper Snoop Dogg, reported its first annual loss on Wednesday after a year of expansion in the United States and Europe. This is the first year in which Klarna has posted a loss since it was set-up in 2005, making it an outlier among tech companies which often lose money for years. Klarna, which was Europe's most richly valued financial technology company until it was matched by British banking app Revolut, launched a U.S. shopping app in 2019 and opened a tech hub in Berlin, which employs 500 staff.
MUNICH/FRANKFURT, Feb 13 (Reuters) - Online luxury fashion retailer MyTheresa plans to list on the New York Stock Exchange, taking advantage of robust equity markets, people close to the matter said. Its owner Neiman Marcus is working with Morgan Stanley on the planned listing, which could take place as early as April, they added. The buyout fund Ares, which owns Neiman Marcus, and Morgan Stanley declined to comment, while MyTheresa was not available for comment.
* Wall Street hits another record Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (email@example.com), Joice Alves (firstname.lastname@example.org), Julien Ponthus (email@example.com) in London and Danilo Masoni (firstname.lastname@example.org) in Milan. The STOXX 600 closed up 0.6% at 431.07 points, that's just 0.06 points away the record high reached in afternoon trading.
You can share your thoughts with Thyagaraju Adinarayan (email@example.com), Joice Alves (firstname.lastname@example.org), Julien Ponthus (email@example.com) in London and Danilo Masoni (firstname.lastname@example.org) in Milan.
Now is the time to buy ASOS (LON: ASC) shares as the CEO is buying, says Edward Sheldon. The post 3 reasons I’d buy ASOS shares TODAY appeared first on The Motley Fool UK.
The UK high street sales have taken a battering in recent months, but some brands are doing exceptionally well online. Here's a sample of how cash registers are ringing.
Jabran Khan examines ASOS’ impressive rise, turbulent 2019 and potential to bounce back in 2020.The post Why I think the ASOS share price will rise in 2020 after a poor 2019 appeared first on The Motley Fool UK.
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
British online fashion group ASOS beat forecasts for Christmas sales, increasing investor confidence that management has addressed the operational and execution issues that plagued it in 2019, and sending its shares higher. The stock was up 1.95% at 1057 GMT on Thursday after ASOS, which sells fashion aimed at 20-somethings, said its retail sales rose 20% to 1.075 billion pounds ($1.41 billion) in the four months to Dec. 31. ASOS said it benefited from a record Black Friday, product innovation and a step-up in promotions, driving a 20% increase in total orders to 27.7 million.
British online fashion retailer ASOS beat analysts' expectations for sales growth in the key Christmas trading period, indicating that management has addressed the operational issues that plagued it in 2019. ASOS, which sells fashion aimed at 20-somethings, said on Thursday its retail sales rose 20% in the four months to Dec. 31.
(Bloomberg Opinion) -- The Fever-Tree gin and tonic has lost its fizz.Fevertree Drinks Plc on Monday warned on profits, sending its shares down as much as 26%. The pioneer in high-end cocktail mixers said sales expanded by just 10% last year and earnings fell 5% compared with 2018. That’s a stark contrast to previous statements from the maker of Sicilian lemon tonic water and spiced orange ginger ale, which usually upgraded expectations.Part of the reason for the warning — slow sales in supermarkets — looks plausible. Britain’s grocers endured a sluggish Christmas and New Year’s trading period. The Boris bounce that was supposed to have Brits lifting the glasses after a decisive December election didn’t materialize. What’s more worrying is that the market for bars and clubs suffered over the holidays, too. That’s a concern given that the broader sector for eating and drinking out had a solid Christmas, according to industry data from the Coffer Peach Business Tracker.There was also unwelcome news out of the U.S., where Chief Executive Officer Tim Warrillow said the company is cutting its prices, from those prevalent at the very top end of the drinks market to merely premium. Consequently, Fevertree is forecasting sales expansion there by a percentage in the low double digits this year, compared with 33% in 2019. Not only is this mysterious — surely Fevertree’s issue was building brand awareness not pricing — but it is a concern for investors, as demand on the other side of the Atlantic was supposed to pick up as the U.K. matured.Fevertree signaled that U.K. growth could accelerate later this year, particularly in comparison with such a difficult 2019. But that looks optimistic. Not only do consumers show no signs of loosening the purse strings, but the danger is that their appetites may have shifted permanently away from the gin and tonics that had them reaching for Fevertree mixers.The U.S. is expected to expand more quickly after 2020, but this is not guaranteed, and it’s some way off anyway. And in the meantime Fevertree is facing competition from all sides from small niche players to big beverage companies such as Coca-Cola Co. For now at least, investors can’t count on this market for the next leg of growth. With Monday’s lurch downwards, Fevertree shares have lost more than 60% of their value compared with their peak in September 2018. And despite Fevertree’s optimism, it’s hard to see a quick bounce back from here. When high flyers lose their momentum, it can be difficult to recapture: Just look at online retailer Asos Plc, which has struggled to recover from a profit warning in December 2018.The only silver lining is that with Fevertree’s historic premium to rivals slashed, it could encourage a big beverage or consumer goods company to slot it into their portfolios. But, like investors, they may want to see evidence that the company is stabilizing. After all, its attraction was fast growth, and while 10% revenue expansion is still much better than what’s currently to be had in consumer goods or food retail, it’s not at the levels Fevertree enjoyed over the past few years.It’s clearly not yet the time to say cheers.To contact the author of this story: Andrea Felsted at email@example.comTo contact the editor responsible for this story: Melissa Pozsgay at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
After a lull, Boohoo Group (LON: BOO) shares are soaring again. Here's why I like Boohoo better than ASOS (LON: ASC)The post The Boohoo share price is climbing. Here's what I'd do now appeared first on The Motley Fool UK.
Stockopedia’s ‘High Flyers’ are the stock market superstars. These companies tend to be the ones that fund managers jostle and barter over. They are high quali8230;
* Qiagen surges as it explores sale Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Well, same thing goes for FOMO.