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ASOS Plc (ASOMY)
- Yahoo Finance UK
Trending tickers: ASML, Asos, LVMH, JustEat
The latest investor updates on stocks that are trending on Wednesday.
- The Guardian
Asos says it will take ‘necessary actions’ after 18% drop in sales
Online fashion retailer says it is becoming ‘faster and more agile’, after pre-tax losses of £120m
- Reuters
UK online retailer ASOS confident on second-half recovery
LONDON (Reuters) -British online retailer ASOS forecast its results would improve this year, as its more flexible model takes shape and it cuts excess stock, making it better placed to compete with Chinese-founded fast fashion giant Shein. ASOS sunk to a first-half loss but said it expected to report positive adjusted core earnings for the 12 months to the beginning of September and was on course for more growth in 2025, sending its shares up 5%. The company also on Wednesday named former Sainsbury's and Amazon executive Dave Murray as its new chief financial officer, saying that his e-commerce experience would help return the group to profitability.
