MARKET TALK: ASOS Sales Mix Moves Towards The UK -S Pierce

9th Jun 2010 08:46

0746 GMT [Dow Jones] ASOS's (ASC.LN) FY results are broadly in line with market expectations, says Seymour Pierce. Says current trade in the nine week period to June 6, 2010 remains consistent with the previous update. "However, the mix has slightly changed with UK taking greater share of the growth, perhaps due the impact of the volcanic disruption on international sales," says Seymour Pierce. Keeps hold rating, "but would continue to advise investors to take profits at these levels," as shares have risen by over 40% over the last quarter. Shares +5.9% at 670p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 09, 2010 03:46 ET (07:46 GMT)