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Share Price Information for ASOS (ASC)

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Share Price: 373.40
Bid: 370.00
Ask: 372.20
Change: -1.20 (-0.32%)
Spread: 2.20 (0.595%)
Open: 380.00
High: 384.60
Low: 370.00
Prev. Close: 374.60
ASC Live PriceLast checked at -

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European shares end higher on financials boost; Rubis shimmers

Tue, 26th Mar 2024 17:20

Flutter rises on upbeat forecast

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Atos falls on record net loss

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BNP Paribas up after Goldman Sachs says "buy"

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STOXX 600 up 0.2%

March 26 (Reuters) -

Europe's STOXX 600 ended a choppy session at a record closing high on Tuesday, driven primarily by banks, while French liquid products distributor Rubis marked its best day in over three decades.

The continent-wide index closed up 0.2% at 511.09, with the euro zone focused STOXXE index up 0.4%.

The benchmark index was on course to end a second straight quarter with gains in the holiday-shortened week, up 6.7% so far, underscored by central bankers signalling rate cuts this year and a surge in tech stocks due to excitement over artificial intelligence.

"Despite more cautious messages by other ECB members in the past few days, there are clear indications that the Bank is prepared to cut rates this summer and that June remains the most likely meeting," analysts at ING said in a note.

Trader bets for a 25 basis point interest rate cut by the European Central Bank in June stand at 60%.

On the day, lenders were the biggest boost to the STOXX 600, up 1.0%, driven by a 1.0% gain in BNP Paribas after brokerage Goldman Sachs upgraded the French lender to "buy" from "neutral".

Meanwhile, a survey showed German consumer sentiment is expected to stay on its path of slow recovery in April as fewer households felt the need to save even as uncertainty about Germany's economic development looms.

The German DAX 40 index ended 0.7% higher, while the French benchmark index added 0.4%.

France's Rubis soared 12.5% after Vincent Bolloré increased stake in the liquid products distributor to over 5%, through the businessman's firm Plantations des Terres Rouges. The broader retail sector rose 1.6%.

Travel and leisure stocks climbed 0.7%, helped by a 1.1% rise in Flutter as the online betting firm said it expects to increase its core profit by around 30% this year.

Ocado added 3.2% after the British online supermarket's joint venture Ocado Retail kept its forecasts for the year as it reported a 10.6% increase in first-quarter revenue, reflecting growth in customer numbers.

ASOS

jumped 9.4% after the British online fashion retailer said its cash flow in the first half of the year improved due to better profitability and clearance of aged stock.

European markets will be closed on Friday and Monday for Easter holidays. (Reporting by Shristi Achar A and Johann M Cherian in Bengaluru; Editing by Sherry Jacob-Phillips, Eileen Soreng and Deepa Babington)

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LONDON MARKET OPEN: FTSE 100 flat; Melrose up as focuses on aerospace

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10 May 2023 08:11

Broker tips: Just Group, Asos, Marshalls

(Sharecast News) - JPMorgan Cazenove lifted its price target on Just Group on Wednesday to 125p from 115p to reflect higher new business sales forecasts, and a valuation roll-forward.

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10 May 2023 07:55

LONDON BRIEFING: Compass sets share buyback; Melrose ups outlook

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10 May 2023 07:19

ASOS losses widen as cost of living crisis bites

(Sharecast News) - ASOS shares slumped after the fast fashion retailer reported wider interim losses as shoppers continued to tighten their belts amid the cost of living crisis, even though the company said it was confident of a return to profit in the second half.

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3 May 2023 14:50

UK earnings, trading statements calendar - next 7 days

Thursday 4 May 
Apax Global Alpha LtdQ1 Results
BAE Systems PLCTrading Statement
Cardiff Property PLCHalf Year Results
Derwent London PLCTrading Statement
e-Therapeutics PLCFull Year Results
Glanbia PLCQ1 Results
IMI PLCTrading Statement
Mondi PLCTrading Statement
Morgan Sindall Group PLCTrading Statement
Next PLCTrading Statement
Rathbones Group PLCTrading Statement
Shell PLCQ1 Results
Spirent Communications PLCTrading Statement
Trainline PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
Wheaton Precious MetalsQ1 Results
Friday 5 May 
Eqtec PLCFull Year Results
InterContinental Hotels Group PLCTrading Statement
International Consolidated Airlines Group SAQ1 Results
Monday 8 May 
no events scheduled 
Tuesday 9 May 
Kosmos Energy LtdQ1 Results
Tialis Essential IT PLCFull Year Results
Treatt PLCHalf Year Results
Wednesday 10 May 
Anexo Group PLCFull Year Results
Asos PLCHalf Year Results
Compass Group PLCHalf Year Results
Directa Plus PLCFull Year Results
Georgia Capital PLCQ1 Results
MaxCyte IncQ1 Results
Spirax-Sarco Engineering PLCTrading Statement
Valeura Energy IncQ1 Results
Vertu Motors PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
25 Apr 2023 09:32

LONDON BROKER RATINGS: Higher price targets for S&N, Asos and Aston

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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25 Apr 2023 08:21

Liberum lifts Asos price target, maintains 'sell' rating

(Sharecast News) - Liberum lifted its price target on Asos on Tuesday to 700p from 500p and maintained its 'sell' rating as it sees "significant" risks in the strategy outlined by the group to improve profitability and remains unconvinced it will be able to fully deliver on those promises.

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24 Apr 2023 10:18

Shortseller ShadowFall targets Asos - report

(Sharecast News) - Fast fashion firm Asos has been targeted by shortseller ShadowFall, according to reports.

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LONDON MARKET MIDDAY: Rate fears hit indices; Tesla results hurt peers

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24 Mar 2023 10:00

Amazon, other retailers revamp 'free' shipping as costs soar

LOS ANGELES, March 24 (Reuters) - There is no such thing as free shipping.

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22 Mar 2023 15:11

IN BRIEF: JD Sports Fashion's new director buys 40,000 shares

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16 Mar 2023 15:46

IN BRIEF: New Softcat CFO Katy Mecklenburgh to start in June

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9 Mar 2023 10:49

JD Sports hires Currys Chair Ian Dyson as non-executive director

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LONDON BROKER RATINGS: Citigroup cuts Admiral; Jefferies likes PPHE

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