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Asos losses widen, sales fall in first half but stock cuts ahead of target
Half-year losses at UK online fast-fashion retailer Asos have widened as it continued to deal with competition from Chinese rival Shein, but said it was ahead of target on shifting the mountain of excess stock it built up during the Covid pandemic.
FTSE 250 movers: IDS in focus on Kretinsky interest; Kainos slips again
FTSE 250 (MCX) 19,408. 65 0. 33% .
Europe midday: Shares up as IDS spikes 20% on Kretinsky bid approach
European shares extended their rally on Wednesday after a major sell-off a day earlier as investors digested UK inflation news and a rebuffed bid approach for Royal Mail owner International Distribution Services that sent the stock up 20%.
Europe open: Shares stage mini-rally after Tuesday sell-off
European shares staged a small rally at the open on Wednesday after a major sell-off a day earlier as investors digested inflation news and awaited Israel’s response to a missile attack by Iran on Saturday night.
De Beers diamond sales fall in cautious market
Provisional rough diamond sales from Anglo-American's De Beers' unit fell to $445m in the third sales cycle compared with $542m a year ago amid a subdued market.
Rio Tinto holds guidance despite lower Q1 iron ore production
Mining giant Rio Tinto on Wednesday held annual production guidance, despite a sharp fall in first-quarter iron ore shipments and production.