Previous close | 9.02 |
Open | 9.02 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 9.02 - 9.02 |
52-week range | 5.75 - 19.16 |
Volume | |
Avg. volume | 166 |
Market cap | 1.075B |
Beta (5Y monthly) | 2.92 |
PE ratio (TTM) | N/A |
EPS (TTM) | -2.92 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
When Scotland’s oldest department store collapsed in late 2020, representatives for Anders Holch Povlsen and Mike Ashley pointed the finger at each other.
The latest investor updates on stocks that are trending on Friday.
The latest investor updates on stocks that are trending on Monday.
Covid lockdown boom masked flaws until it didn’t – and the loss of £291m in six months was worse than expected
‘Challenging trading backdrop' for online fashion retailer, with sales down more than expected
Shares in ASOS were down nearly 12% in morning trade after the British online fashion retailer reported a deeper half-year loss and said it faced a challenging trading backdrop.
Fashion retailer Asos announced a revenue fall of 3% and UK sales down 8% as inflationary pressures and mounting costs create strong headwinds.
By Scott Kanowsky
Prominent hedge funds from both sides of the Atlantic have gone into battle with Mike Ashley over his stake in Asos by increasing bets against the fast-fashion retailer.
By Scott Kanowsky
Mike Ashley’s increased holding comes after online retailer reported slowing sales and full-year loss
The billionaire's sportswear and fashion retail company, Frasers Group Plc, notified Asos on Friday that it had become a significant shareholder in the company, the report said. The move makes Frasers the fourth-biggest shareholder in Asos. According to the newspaper, Frasers is seeking to use its stake in the online retailer to build a partnership as Asos recently announced an overhaul of its business model.
Long-term shareholders would be immeasurably richer if Asos had stayed in the UK, its ‘core operation’
Asos has laid out survival plans as it revealed a slump in spending among shoppers will force it to write off the value of £130m worth of stock.
Online retailer reports disappointing sales growth and £32m pre-tax losses as it agrees £650m banking facility
The online fashion retailer posted a pre-tax loss of £32m from a profit of £177m.
LONDON (Reuters) -ASOS, the one-time British poster child for the shift to online fashion retailing, will overhaul its business model after the economic crunch and a string of operational problems hammered its profits. New CEO José Antonio Ramos Calamonte said that while ASOS's core business in the UK remained strong, returns from its international operations, particularly from the United States, were unsatisfactory and needed to be addressed. He vowed to re-vamp ASOS's "inefficient" supply chain, find a way to re-engage its 20-something customers, better leverage its data, cut costs and refresh its culture.
By Scott Kanowsky
ASOS shares fell sharply on Monday after the British online fashion retailer said it was in talks with lenders to change the terms of a 350 million pound ($394 million) borrowing facility to provide more flexibility in tough economic times. ASOS said on Saturday it was in the final stages of agreeing an amendment to the future financial covenants in its revolving credit facility, which matures in July 2024. It said the move would give it significantly increased financial flexibility amid an uncertain economic backdrop and was "a prudent step".
By Scott Kanowsky
LONDON (Reuters) -British online fashion retailer ASOS is in talks with lenders to amend the terms of its 350 million pound ($391 million) borrowing facility, it said on Saturday. "ASOS ... confirms that it is in the final stages of agreeing an amendment to the future financial covenants in its revolving credit facility, which matures in July 2024," it said in a statement. "ASOS retains a strong liquidity position and this is a prudent step in the current environment," it said.
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Profits are now anticipated to be 'around the bottom end of company guidance' due to the slowdown in activity.
August slump forces online fashion retailer to downgrade annual growth forecast to about 2%