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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: 351.20
Bid: 352.20
Ask: 354.80
Change: 1.20 (0.34%)
Spread: 2.60 (0.738%)
Open: 348.00
High: 357.60
Low: 348.00
Prev. Close: 350.00
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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27 Mar 2024 09:49

UK regulator secures ASOS, Boohoo and Asda pledge on green claims

Firms agree to use only accurate and clear green claims

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27 Mar 2024 09:40

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Asos, Boohoo, Asda ordered to green up their act

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27 Mar 2024 08:49

Asos, boohoo make "green claims" product pledge after UK CMA probe

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26 Mar 2024 10:16

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26 Mar 2024 09:40

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26 Mar 2024 08:58

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26 Mar 2024 07:31

ASOS H1 sales fall 18% but annual guidance held

(Sharecast News) - UK-based online fashion retailer ASOS said first-half sales fell 18% but held guidance for a decline over the full year as a turnaround plan started to take shape.

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4 Mar 2024 15:47

Director dealings: PCA of Asos director raises stake

(Sharecast News) - Asos revealed on Monday that non-executive director William Barker had acquired 25,000 ordinary shares in the London-listed fast fashion retailer.

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4 Mar 2024 11:34

IN BRIEF: Asos director's Camelot Capital buys further 25,000 shares

Asos PLC - London-based online fashion retailer - Reports that Camelot Capital Partners LLC, closely associated with Non-Executive Director William Barker, purchased 25,000 Asos shares at GBP3.75 each for GBP93,725 in total on Tuesday last week. Barker is the founder and chief executive officer of Camelot, an investment management firm based in California. Camelot now holds 17.3 million shares in Asos.

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DIRECTOR DEALINGS: Coca-Cola HBC directors sell GBP800,000 in shares

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29 Feb 2024 09:18

LONDON BROKER RATINGS: Barclays cuts Direct Line to equal weight

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

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