When something seems too good to be true, it probably is. Shares of on-line fashion retailer Asos are trading at a price-to-earnings ratio of 54.3 versus a rating of between 30-35 times profits for well-established and successful technology firms such as ARM Holdings. Furthermore, while the company
Read moreAberdeen: Cantor Fitzgerald initiates with a target price of 520p and a 'buy' recommendation. Aggreko: Jefferies reduces target price from 1810p to 1350p, downgrading to 'underperform'. Ashcourt Rowan: Cantor Fitzgerald initiates with a target price of 270p and a 'buy' recommendation. Ashmore: Can
Read moreAfter private equity suitor Cinven withdrew its bid on Monday night, web hosting group Iomart issued a trading update that said interim revenue and profits will be "substantially" higher than last year. Iomart had rejected two previous bids from Cinven subsidiary Host Europe and talks over a third b
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