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Pin to quick picksASOS Share News (ASC)

Share Price Information for ASOS (ASC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 361.00
Bid: 359.60
Ask: 360.20
Change: -1.20 (-0.33%)
Spread: 0.60 (0.167%)
Open: 360.00
High: 361.60
Low: 357.00
Prev. Close: 362.20
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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2 Dec 2022 09:59

CORRECT: Softcat hires ASOS CFO Katy Mecklenburgh, to join by mid-June

(Clarifying that Mecklenburgh will become CFO on August 1.)

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2 Dec 2022 08:59

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2 Dec 2022 08:31

Softcat hires ASOS CFO Katy Mecklenburgh, to join by mid-June

(Alliance News) - Softcat PLC on Friday announced that it has appointed current Asos PLC interim chief financial officer Katy Mecklenburgh as its new CFO from June next year.

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2 Dec 2022 07:54

LONDON BRIEFING: Asos interim CFO departs; Safestore enters Germany

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2 Dec 2022 07:21

Softcat poaches Asos CFO Kathryn Mecklenburgh

(Sharecast News) - IT infrastructure provider Softcat said on Friday that it has appointed Dr Kathryn Mecklenburgh - the current interim chief financial officer of online fashion retailer Asos - as its new CFO.

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30 Nov 2022 11:50

Credit Suisse downgrades Asos to 'neutral'

(Sharecast News) - Credit Suisse downgraded Asos on Wednesday to 'neutral' from 'outperform' and slashed the price target to 660p from 1,250p as it argued that the operating initiatives highlighted at the full-year results are insufficient to drive a material change to the company's challenges.

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30 Nov 2022 09:55

LONDON BROKER RATINGS: Barclays starts Rolls-Royce with 'overweight'

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

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25 Nov 2022 11:33

UK budget fashion chain Primark to invest 140 mln stg in stores

LONDON, Nov 25 (Reuters) - British fashion chain Primark set out plans to invest 140 million pounds ($169 million) in its UK store estate over the next two years, betting on its rock-bottom prices luring customers as the country grapples with a cost-of-living crisis.

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14 Nov 2022 09:25

LONDON BROKER RATINGS: Credit Suisse cuts Ferrexpo to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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4 Nov 2022 14:42

Retailer Frasers ups interest in designer Hugo Boss to 34% from 33%

(Alliance News) - Frasers Group PLC has increased its interest in German fashion designer Hugo Boss AG by 1.5 percentage points, according to a company statement on Friday.

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2 Nov 2022 08:52

Britain's Next sticks to outlook after quarterly sales rise

Q3 full price sales up 0.4%

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28 Oct 2022 17:05

LONDON MARKET CLOSE: Eyes on BoE decision; NatWest drags down FTSE 100

(Alliance News) - Stocks in London closed in the red on Friday, but clung on for week gains, as interest rate decisions from the Bank of England and the US Federal Reserve move into focus.

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26 Oct 2022 09:55

LONDON BROKER RATINGS: Canaccord raises Hargreaves Lansdown to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Thursday evening:

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25 Oct 2022 17:52

British mid-cap stocks close at one-month high on Sunak-driven optimism

Mike Ashley's Frasers buys 5.1% stake in ASOS

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