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

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world


Become a Champion Investor for just £90 a year.


More on ASOS

Coronavirus impact: 12 Aug - ASOS marches on but 7digital is pick of the day

12/08/2020 · Company Insights

Fashion-loving 20-somethings around the world continue to like ASOS driving the shares to year highs, but…

An Investor’s response to UK holidaying

19/07/2020 · Company Insights

With recent allowances granted on UK holidaying, the Investor happily wanders the streets of a seaside…

More Company Insights

Coronavirus impact: 18 Sept – automotive testing specialist remains in good shape

A retail giant with a big new opportunity

18/09/2020 · Tesco

Coronavirus impact: 17 Sept - stunning results from a Covid tester