Turkish online retailer said to have made £1bn approach to Asos
(Sharecast News) - Asos is reportedly on bid alert after the online fashion retailer received a £1bn approach from a Turkish company backed by Chinese giant Alibaba.
Read moreThu, 13th Jan 2022 10:45
(Sharecast News) - Asos is reportedly on bid alert after the online fashion retailer received a £1bn approach from a Turkish company backed by Chinese giant Alibaba.
Read more(Alliance News) - Stock prices in London were pointed higher on Monday, with equity investors digesting the latest developments in the energy market and with a string of economic readings for May due.
Read more(Sharecast News) - Saudi unveiled plans at the weekend to reduce its oil output by 1m barrels per day in a surprise unilateral decision. The move was to take effect from July. The decision came as Secretary of State, Anthony Blinken, was due to travel to Saudi Arabia over the following week. It also followed a meeting between members marred by disagreements, although the Russian and UAE energy ministers denied talk of any split with Saudi. OPEC+ meanwhile did agree to prolong the voluntary cuts announced in April until the end of 2024. The cartel and its allies were to meet again in November and plans might change. - The Sunday Telegraph
Read more(Alliance News) - Asos PLC received a takeover approach from a Turkish company backed by China's Alibaba Group Holding Ltd, the Sunday Times reported, citing "City sources".
Read more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:
Read moreLONDON, June 1 (Reuters) - ASOS, the British online fashion pioneer valued at more than 7 billion pounds ($8.8 billion) just over two years ago, has been relegated from the FTSE 250 index of mid-sized companies, illustrating the sharp decline in its fortunes.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
Read more(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, June 5, after completing its quarterly review.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
Read moreAsos PLC - London-based online fashion retailer - Chair Jorgen Lindemann buys 20,000 shares last Friday at GBP4.181 per share as part of the placing of shares announced last Thursday. Lindemann now holds 130,052 shares. Chief Executive Jose Antonio Ramos Calamonte buys 10,000 shares last Friday at GBP4.181 per share as part of the retail offer for shares, also announced last Thursday. Calamonte now holds 18,950 shares.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:
Read moreAsos PLC - online fashion retailer - Raises GBP4.8 million via issuing 1.2 million new shares at 418.1 pence per share, which represent around 1.2% of the firm's issued share capital before the equity raise. Says that in total, the placing and retail offer comprises 19.1 million new shares, about 19% of the firm's existing issued share capital, raising around GBP80 million.
Read more(Alliance News) - Stocks in London were mostly lower at the close on Friday, though the FTSE 100 ended in the green amid glimmers of hope that the impasse in US debt ceiling negotiations may soon draw to an end.
Read more(Alliance News) - Stock prices in London were largely lower at midday on Friday, though the FTSE 100 outperformed, as investors looked to the prospect of further interest rate hikes in the UK, while also tracking developments in the US debt ceiling impasse.
Read more(Sharecast News) - Liberum upgraded Asos on Friday to 'hold' from 'sell', but cut the price target to 470p from 500p, as the risk of an equity raise has now materialised.
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