Make your money go further for just 25p per day

Another flash sale for ASOS – this time it’s the shares!

05/06/2014 · ASOS (ASC) 

Followers of the AIM market may be wondering why the AIM All Share Index is off by 1.7% after the first hour of trading this morning. Well, the culprit is ASOS (AIM’s largest company) and its hugely disappointing trading statement this morning.

Online clothing retailer ASOS has reduced its profits expectation for the current year blaming the strength of sterling. The Company say that this has impacted its higher margin international sales. Furthermore ASOS report increased spending on promotional activity. Read the full ASOS trading statement here

The impact of the trading statement is that shares in ASOS fell be over 40% in the first 15 minutes of trading this morning to £26 from…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on ASOS

ASOS to join the dinosaurs on the main market

13/01/2022 · Company Insights

AIM’s star performer, and a business that made millions for early investors, has chosen to move…


ASOS prepares to take back its golden crown on AIM

11/11/2021 · Company Insights

Nick Beighton’s departure from ASOS (AIM:ASC) has the feel of the sacking of a football manager…


More Company Insights

Christmas arrives with another AIM takeover

24/12/2024 · Kooth · Seeing Machines · Windward

This Bonkers Bargain is a little gem

23/12/2024 · Gemfields Group Ltd

Strong growth | Moving on | Big warning

Sign-up to our free email updates

SIGN UP