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Pin to quick picksASOS Share News (ASC)

Share Price Information for ASOS (ASC)

London Stock Exchange
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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
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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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29 Oct 2023 11:18

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25 Oct 2023 16:01

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Unilever PLCTrading Statement
WPP PLCTrading Statement
Friday 27 October 
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NatWest Group PLCQ3 Results
Monday 30 October 
Airtel Africa PLCHalf Year Results
Computacenter PLCTrading Statement
Glencore PLCTrading Statement
HSBC Holdings PLCQ3 Results
Lok'n Store Group PLCFull Year Results
Pearson PLCTrading Statement
Tuesday 31 October 
BP PLCQ3 Results
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
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Georgia Capital PLCQ3 Results
Grit Real Estate Income Group LtdFull Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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25 Oct 2023 14:40

Frasers Group lifts stakes in Boohoo, Asos

(Sharecast News) - Mike Ashley's Frasers Group went on a shopping spree on Wednesday, picking up more shares in both Boohoo and Asos.

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24 Oct 2023 17:44

Asos delays publication of FY results by a week

(Sharecast News) - Online fashion retailer Asos said on Tuesday that its full-year results will be delayed by a week until 1 November, as its auditor PwC needs more time to complete planned testing.

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24 Oct 2023 16:21

Asos delays results to complete audit work; guidance remains unchanged

(Alliance News) - Asos PLC on Tuesday said it was delaying the publication of its annual results by one week, although it stressed financial guidance remained unchanged.

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18 Oct 2023 15:44

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Hargreaves Lansdown PLCTrading Statement
London Stock Exchange Group PLCTrading Statement
Man Group PLCTrading Statement
Mondi PLCTrading Statement
PensionBee Group PLCTrading Statement
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Rentokil Initial PLCQ3 Results
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Schroders PLCTrading Statement
St James's Place PLCTrading Statement
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Foxtons Group PLCTrading Statement
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Travis Perkins PLCTrading Statement
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17 Oct 2023 08:54

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16 Oct 2023 12:05

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