Fast growing ASOS needs to keep churning out sparkling updates to retain its glamour stock status, and the online clothes seller did not disappoint with its performance in the final three months of 2011. [19 Jan '12]
Attention will be back on the retail sector on Thursday with Primark-owner Associated British Foods due to report, and fast-growing Internet retailer ASOS weighing in. Meanwhile, the 'pint and a punt' constituency are served by updates from brewer SABMiller and bookmaker William Hill. [18 Jan '12]
Hopes that leaders can bring an end to the euro crisis lifted markets on Monday. Many believe that it is now make-or-break time for the single currency, echoing remarks made last week by Economic and Monetary Affairs Commissioner Olli Rehn that the continent had just 10 days to save the euro. The deadline for those 10 days coincides with the EU summit, which is to be held on Friday 9 December. [5 Dec '11]
Despite hitting an intraday high of 185.57p in the opening minutes, gains for TUI Travel have been pared in morning trade. Evolution Securities has released its analysis of the travel company's full-year results, in which it maintained its sell rating. [5 Dec '11]
The Tempus column in The Times ponders which stocks would fit into a share portfolio consisting of stocks exposed to London and the South East only, and suggests that one would be Shaftesbury, the property company whose assets consist almost entirely of shops, restaurants and bars in the West End. Its full-year figures yesterday contained one startling table. Over the past five years, gross income from its property portfolio rose year on year through the recession, up another 13 per cent to £77.5 million. Their estimated rental value showed a slight dip in 2009, but that rising income suggests tenants merely continued to pay over the odds. The shares are unusual in selling at a premium to net assets of 8 per cent above the 463p a share at the end of September, up 11.8 per cent over the year. Still a long-term hold for those who believe the London economy will continue to outperform, reckons Tempus. [1 Dec '11]
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