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FTSE 250 movers: Asos surges on Q3 numbers
Struggling UK online fashion retailer Asos said third-quarter sales fell 14%, but posted a rise in core earnings as it claimed its turnaround strategy to focus on more profitable items was starting to bear fruit.
Asos shares surge on return to profitability
Struggling UK online fashion retailer Asos said third-quarter sales fell 14%, but posted a rise in core earnings as it claimed its turnaround strategy to focus on more profitable items was starting to bear fruit.
Mike Ashley's Frasers lifts stake in Asos again to 10.6%
Mike Ashley's Frasers Group has lifted its stake again in troubled online fashion outlet Asos to 10. 6%, the company announced on Thursday.
Europe midday: Shares down as investors eye ECB
The rally in European markets came to a shuddering halt on Thursday after the US Federal Reserve paused rate rises, but said more could be on the way, China’s economic recovery appeared to be sputtering and investors awaited the latest policy decision from the European Central Bank.
Fullers sees hit to sales from rail strikes
UK pub chain Fuller Smith & Turner on Thursday warned that rail strikes would hit sales by more than £5m this year.
Europe open: Shares down on hawkish Fed pause, China data, eyes on ECB
The rally in European markets came to a shuddering halt on Thursday after the US Federal Reserve paused rate rises, but said more could be on the way, China’s economic recovery appeared to be sputtering and investors awaited the latest policy decision from the European Central Bank.
Syncona annual NAV falls in tough macro conditions
Health investor Syncona reported a fall in annual net asset value, driven by falls in its listed holdings and the partial write-down of neurological gene therapy company SwanBio, partially offset by foreign exchange tailwinds and uplifts elsewhere in its portfolio.
China cuts rates as data shows economic recovery stalling
Fears that China’s economic recover was stalling were strengthened further as the country’s central bank cut its benchmark policy rate for the first time in almost a year amid a raft of disappointing data.
Bunzl sees flat underyling revenue growth in H1
Specialist international distribution and services group Bunzl said it expected underlying revenue growth in the first half of the year to be broadly flat.