|Bid||463.40 x N/A|
|Ask||465.40 x N/A|
|Day's range||451.00 - 465.80|
|52-week range||354.00 - 1,406.00|
|Beta (3Y monthly)||1.34|
|PE ratio (TTM)||6.01|
|Earnings date||4 Jul 2019|
|Forward dividend & yield||0.31 (5.69%)|
|1y target est||578.89|
Superdry has issued a fresh profit warning following a bruising battle that saw its management team quit when co-founder Julian Dunkerton won a shareholder vote to return to the business. It blamed a combination of factors - weeks after shareholders narrowly voted in favour of allowing Mr Dunkerton to return to the board. The contentious vote - marred by claims of dirty tricks - was opposed by then chief executive Euan Sutherland and others.
The midcaps gave up 1.3 percent, lagging the main index, whose losses were capped due to gains across so-called defensive stocks, which are deemed safer bets at times of economic troubles. U.S. President Donald Trump late on Wednesday accused China of breaking the deal they had reached in trade talks, while a rise in U.S. tariffs is set to be triggered on Friday. The U.S. is set to up the ante ... and that has prompted dealers to cut and run," CMC Markets analyst David Madden said.
Britain's main index was dragged back to its six-week low on Thursday as markets remained wary of an imminent tariff hike as trade talks between the United States and China resumed in Washington. The internationally focused FTSE 100 lost 0.9 percent and was set for its steepest weekly fall since early December, with industrials, miners and Asia-exposed stocks leading the drop. The midcaps gave up 1.3 percent, lagging the main index, whose losses were capped due to gains across so-called defensive stocks, which are deemed safer bets at times of economic troubles.
Superdry had issued a string of profit warnings, the latest in December, and its shares have slumped 75 percent over the last year, as it struggled to expand beyond its trademarked winter hoodies and jackets and demand fell in its wholesale and ecommerce business. Investors voted to hand back operational control of the company to Dunkerton in April. Dunkerton's return prompted the exit of most of its board members and his appointment as interim chief executive officer.
* Stock futures fall ahead tariff deadline approaches * Eyes on chips and Italian banks Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters ...
British fashion retailer Superdry said on Thursday its full-year underlying pretax profit was likely to be below market expectations, as founder Julian Dunkerton began efforts to revitalise the company ...
They may be down, but Paul Summers thinks these two companies could turn out to be great recovery plays for long-term investors.
Shares in this firm have fallen 70% over the last year. But the return of its founder could be a buy signal, says Roland Head.
The FTSE 250 bounced 1.2 percent - its biggest rise in two-and-a-half months - for a fifth straight session of gains, while the FTSE 100 added 0.4 percent and ended the session at its highest level since early October. Prime Minister Theresa May said on Tuesday said she would seek another Brexit delay beyond April 12, hoping to try to agree a European Union divorce deal with the opposition Labour leader. "None of this guarantees Britain won't bumble out of the EU sans deal, especially given the frothing fury May's cross-party olive branch has caused among the hard right of her Tory party," said Spreadex Analyst Connor Campbell.
The prospect of a further delay to Brexit eased some fears of a disruptive no-deal departure and sparked a rally in homebuilders and banks on Wednesday, helping London's main index hold on to a six-month high, while midcaps outperformed. The FTSE 250 bounced 1.2 percent - its biggest rise in two-and-a-half months - for a fifth straight session of gains, while the FTSE 100 added 0.4 percent and ended the session at its highest level since early October. Prime Minister Theresa May said on Tuesday said she would seek another Brexit delay beyond April 12, hoping to try to agree a European Union divorce deal with the opposition Labour leader.
Dunkerton, the former boss of Superdry, on Tuesday was voted back on the board by a slim margin and hours later was named interim chief executive officer after winning the backing of shareholders looking for a revival of the fashion group's fortunes. The move did not sit well with most of Superdry's board, which had opposed his comeback. Chief Executive Officer Euan Sutherland, who has been at the helm for five years, resigned immediately.
European shares rose for the fourth straight session on Wednesday, as investors took heart from further signs of recovery in China and progress towards a possible trade deal between Beijing and Washington. White House economic adviser Larry Kudlow said on Tuesday he expects the United States and China "to make more headway" as the two sides resume trade talks this week. Strong economic data out of China has also helped sentiment.
Britain's top share index broke a four-day winning streak on Wednesday as strength in banks and homebuilders on the prospect of another Brexit extension was outweighed by weakness in exporter stocks after the pound found its ground. The FTSE 100 was 0.1 percent lower by 0721 GMT, while the more domestically-focussed FTSE 250 added 0.3 percent as the local currency strengthened. Prime Minister Theresa May, after seven hours of cabinet meetings on Tuesday, said she would seek another Brexit delay beyond April 12 to try and agree a European Union divorce deal with the opposition Labour leader.
Superdry co-founder Julian Dunkerton is back in control of the struggling retailer after narrowly winning a bitter battle to be reinstated to the board. Just hours after it was confirmed he had won 51% of investor votes, Superdry announced its chief executive Euan Sutherland and chairman Peter Bamford had quit as part of a wider management exodus. Such a move had been threatened in advance of the voting that also resulted in Mr Dunkerton succeeding in his bid to see Peter Williams, chairman of online fashion retailer Boohoo, elected as a director.
The company, whose main products are sweatshirts, hoodies and jackets, has seen its share price slump 64 percent over the past year following several profit warnings, the latest in December. Needing a simple majority of votes cast at general meeting of investors to return as non-executive director, Dunkerton secured 51.15 percent. The majority of Superdry's board, which had opposed his comeback, stepped down with Chief Executive Euan Sutherland subsequently resigning with immediate effect after five years at the helm.