London close: Stocks mixed as bargain hunters pick over FTSE 100
17th Apr 2024 16:34
(Sharecast News) - London stocks showed a mixed performance by the close on Wednesday, with the top-flight index in the green as investors hunted for bargains after its four-week low on Tuesday.
Read moreBerenberg lowers target price on Asos
17th Apr 2024 10:00
(Sharecast News) - Over at Berenberg, analysts lowed their target price on fast fashion retailer Asos from 510.0p to 490.0p on Wednesday as it lowered its gross margin assumptions to reflect the negative impact of discounting during the first half of the fiscal year.
Read moreAsos losses widen, sales fall in first half
17th Apr 2024 07:37
(Sharecast News) - Half-year losses at UK online fast-fashion retailer Asos have widened as it continued to deal with competition from Chinese rival Shein, but said it was ahead of target on shifting the mountain of excess stock it built up during the Covid pandemic.
Read moreAsos 'paddling upstream' as sales pressures continue, says Shore Capital
9th Apr 2024 11:09
(Sharecast News) - Shore Capital has reiterated its 'sell' recommendation for fast fashion retailer Asos, saying the company is "paddling upstream" with ongoing sales pressure, high debt levels and competitive threats..
Read moreAsos, Boohoo, Asda ordered to green up their act
27th Mar 2024 09:04
(Sharecast News) - UK regulators have ordered Asda, Asos and Boohoo to avoid "greenwashing" environmental claims on the clothing they sell.
Read moreASOS H1 sales fall 18% but annual guidance held
26th Mar 2024 07:31
(Sharecast News) - UK-based online fashion retailer ASOS said first-half sales fell 18% but held guidance for a decline over the full year as a turnaround plan started to take shape.
Read moreDirector dealings: PCA of Asos director raises stake
4th Mar 2024 15:47
(Sharecast News) - Asos revealed on Monday that non-executive director William Barker had acquired 25,000 ordinary shares in the London-listed fast fashion retailer.
Read moreDeutsche Bank starts coverage of 6 retail stocks; prefers Asos, B&M and M&S
21st Nov 2023 13:04
(Sharecast News) - Deutsche Bank initiated coverage on six UK retail stocks on Tuesday, with a preference for Asos, B&M European Value Retail and Marks & Spencer.
Read moreBerenberg lowers target price on Asos
1st Nov 2023 12:19
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating on retailer Asos on Wednesday but lowered their target price on the stock from 760.0p to 600.0p even as it said the group was "all geared for growth".
Read moreAsos warns on sales as it slumps to £300m loss
1st Nov 2023 07:21
(Sharecast News) - Embattled fast fashion retailer Asos posted a near £300m annual loss on Wednesday, as it warned that sales would continue to fall.
Read moreFrasers Group lifts stakes in Boohoo, Asos
25th Oct 2023 14:40
(Sharecast News) - Mike Ashley's Frasers Group went on a shopping spree on Wednesday, picking up more shares in both Boohoo and Asos.
Read moreAsos delays publication of FY results by a week
24th Oct 2023 17:44
(Sharecast News) - Online fashion retailer Asos said on Tuesday that its full-year results will be delayed by a week until 1 November, as its auditor PwC needs more time to complete planned testing.
Read moreLondon close: Stocks mixed on global economic jitters
26th Sep 2023 16:47
(Sharecast News) - Stocks in London ended Tuesday on a varied note, reflecting global apprehensions around the Chinese economy and rising interest rates, while the shadow of a US credit warning from Moody's loomed large.
Read moreLiberum sees 'significant execution risk' at Asos
26th Sep 2023 08:40
(Sharecast News) - Broker Liberum has repeated its 'sell' stance on Asos after the fast fashion giant's weak fourth-quarter trading update on Tuesday,
Read moreAsos profits at the low end as wet summer hits growth
26th Sep 2023 07:05
(Sharecast News) - Fast fashion giant Asos has revealed that operating profits for the full year will come in at the bottom end of expectations and free cash flow will be significantly lower than guidance.
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