Frasers Group tops up ASOS holding once again

10:38am, Friday, 25'th Aug 2023
Mike Ashley's Frasers Group has upped its voting interest in Frasers online fashion group ASOS to 19.3% from 18% previously. Ashley, the third largest overall shareholder in Asos with a 10.6% sharehol
Clothing retailers look set to face a squeeze heading into the new year due to falling prices, brokers have suggested. Anticipating a roughly 6% fall in clothing prices during 2024, JP Morgan analysts
The FTSE 250 company is the index's leading performer on Thursday as transformation plans show early signs of promise.
Asos (LON: ASC) share price has plunged to the lowest level on record as concerns about the company jump. The stock was trading at 350p, ~95% below its all-time high.
Reports that Trendyol, a Turkish competitor backed by Chinese e-commerce colossus Alibaba, previously launched a $1.24 billion takeover bid have briefly lifted its stock.
Zalando is favoured ahead of Asos and boohoo by analysts at the Royal Bank of Canada (TSX:RY). Asos' price target was slashed to 590p from 950p, while boohoo's target remained unchanged at 35p.
The U.K. powerhouses of Gen Z fast fashion could do no wrong once upon a time. However, amid widening losses Boohoo and Asos are choosing different approaches to the U.S.

ASOS shares tank 19% as cash fears grow

10:03am, Monday, 15'th May 2023
Fears of an imminent cash call sent shares in ASOS PLC plunging 19% in afternoon trade.   "Given the ongoing restructuring and cost savings initiatives, it is becoming increasingly evident that ASOS
Asos (LON: ASC) share price tumbled to the lowest level since 2010 as concerns about the company's future remained. The shares plunged to a low of 430p, which was about 90% below its all-time high.

Asos will need to raise cash, says Barclays

09:06am, Thursday, 11'th May 2023
Asos' failed to instil Barclays with confidence that the online retailer would not need to raise equity following yesterday's interims. Barclays remained equal weight on the stock while lowering its
Shares of ASOS plc (LON: ASC) tanked more than 20% on Wednesday after the online fashion retailer reported disappointing results for its fiscal first half. ASOS stock down on widened loss The British
Fast fashion retailer Asos PLC may find itself in need of tens of millions of pounds from the market if its balance sheet doesn't see an improvement soon. The possibility of a rights issue, or share p
Sales dropped 8% during the six months to February on weak trading conditions and restructuring measures.

Asos slips to first half loss

02:57am, Wednesday, 10'th May 2023
Asos slipped to a first-half loss but said it remains on track to deliver full-year targets. The online fashion retailer made an adjusted loss before tax of £87.4mln in the six months to 28 February
Asos shares are among the most shorted in London but could conditions in recent weeks help kickstart a comeback for the online clothing retailer? On the other side of the coin, Compass and its inves
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