Deutsche Bank lowers target price on Asos
20th Oct 2022 10:30
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on fast fashion retailer Asos from 900.0p to 800.0p on Thursday but said the group looks to have "sufficient debt headroom" to cope with its recent "painful dose of reality".
Read moreLiberum cuts rating on Asos to 'sell'
19th Oct 2022 11:45
(Sharecast News) - Liberum has cut its recommendation on Asos to 'sell', after full-year results disappointed.
Read moreASOS warns of H1 loss as inflationary pressures start to bite
19th Oct 2022 07:05
(Sharecast News) - Online fashion retailer ASOS said it would post a first-half loss driven by price reductions, write off up to £130m in stock and launch a review of its business model after finishing its fiscal year in the red.
Read moreASOS confirms talks on credit facility
17th Oct 2022 07:04
(Sharecast News) - ASOS shares slumped on Monday as the online retailer confirmed it was in the final stages of agreeing an amendment to its revolving credit facility after reports that after a leading credit insurer cut cover for its suppliers.
Read moreSunday newspaper round-up: Banks, Asos, UK defence spending
16th Oct 2022 18:32
(Sharecast News) - The Chancellor, Jeremy Hunt, may consider a windfall tax on banks that could raise as much as £90bn. Hunt has indicated that all options to balance the books are under review and he urgently needs to restore the UK's credibility. Just during the previous week, Bank of England deputy governor, Paul Tucker, urged the government to study the possibility of reducing the interest paid on some of the deposits of lenders with the bank. The potential savings from such a move could amount to £60-90bn. - Financial Mail on Sunday
Read moreAsos sales slow in August, FY profits seen in line with expectations
9th Sep 2022 07:04
(Sharecast News) - Online fashion retailer Asos said on Friday that August sales had been weaker than expected due to accelerating inflationary pressures and a slow start to the Autumn/Winter shopping period.
Read moreJefferies lowers Asos to 'hold'
8th Sep 2022 12:23
(Sharecast News) - Analysts at Jefferies downgraded fast fashion retailer Asos to 'hold' on Thursday, stating "the slog continues" for the group.
Read moreAsos, Joules slump on Sunday Times report
5th Sep 2022 10:15
(Sharecast News) - Asos was under the cosh on Monday following a Sunday Times report that the online fashion retailer has privately told City analyst that it expects pre-tax profits for the year just ended to be towards the bottom end of the range given in June.
Read moreASOS COO, CFO Mat Dunn to step down amid restructure
17th Aug 2022 08:28
(Sharecast News) - ASOS shares slumped on Wednesday after the online fashion retailer said that chief operating officer and chief financial officer Mat Dunn will step down from his roles as the company restructures its executive team.
Read moreCMA launches 'greenwashing' probe into Asos, Boohoo and Asda
29th Jul 2022 09:53
(Sharecast News) - Two online fashion giants and a supermarket came under the scrutiny of the Competition and Markets Authority (CMA) on Friday, over the eco-friendly and sustainability claims made about products including clothing, footwear, and accessories.
Read moreSunday newspaper round-up: Inflation, OneWeb, Rolls-Royce
24th Jul 2022 16:46
(Sharecast News) - The consultancy unit of EY think that consumer price inflation could hit 15% over the next winter. The prediction is a worst case scenario from the economists at EY-Parthenon, premised on President Putin blocking natural gas supplies to Europe, soaring food prices and inflation expectations becoming embedded amongst the population. Inflation in the UK hit a 40-year high in June, rising at an annual pace of 9.4%, and candidate for Prime Minister, Rishi Sunak, has described the cost of living as the "number one challenge we face". - Sunday Times
Read moreJP Morgan downgrades fast fashion retailers
21st Jun 2022 13:19
(Sharecast News) - JP Morgan has downgraded Asos and a clutch of other European retailers on Tuesday, on the back of the mounting cost of living crisis.
Read moreDirector dealings: Asos board members buy in after update
17th Jun 2022 14:43
(Sharecast News) - Asos found itself with several entries on the list of director buys on Friday, after three of its board members made investments.
Read moreLiberum slashes target price on Asos following profit warning
17th Jun 2022 07:47
(Sharecast News) - Analysts at Liberum slashed their target price on clothing retailer Asos from 1,500.0p to 900.0p on Friday following "another profit warning" from the company.
Read moreAsos warns on profits as returns weigh
16th Jun 2022 08:28
(Sharecast News) - Retailer Asos warned on Thursday that full-year profits looked set to tumble as consumers struggling to navigate the current cost-of-living crisis returned items at an accelerated pace.
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