The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksASOS Share News (ASC)

Share Price Information for ASOS (ASC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 376.40
Bid: 371.60
Ask: 373.60
Change: -7.40 (-1.93%)
Spread: 2.00 (0.538%)
Open: 380.00
High: 380.20
Low: 370.40
Prev. Close: 383.80
ASC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

PRESS: Asos had GBP1 billion bid approach from Turkish peer - Times

Sun, 04th Jun 2023 10:07

(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".

The sources said online fashion retailer Trendyol BV approached its UK peer in late December with a potential deal that would have valued Asos at between GBP10 and GBP12 a share, triple its current price. This would have valued Asos at more than GBP1 billion.

The Times said there are no live talks, and Asos and Trendyol declined comment.

https://www.thetimes.co.uk/article/asos-on-bid-alert-after-approach-from-alibaba-backed-rival-zgsrzbkfg

Asos shares will drop out of the FTSE 250 index from Monday, June 19, having been demoted at the quarterly review last week. Asos shares closed up 2.5% on Friday at 350.37 pence but are down 78% over the past 12 months.

In December alone, when the Times said the bid approach took place, the stock lost 21%, falling from 643.50p at the start of the month to 510.50p by the end.

Alibaba closed up 1.5% at USD84.27 in New York on Friday.

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
20 Jun 2023 16:55

LONDON MARKET CLOSE: Stocks lower with eyes on UK inflation numbers

(Alliance News) - Stocks in London closed in the red on Tuesday, with market nerves frayed ahead of the release of key UK inflation data on Wednesday morning.

Read more
20 Jun 2023 12:49

Mike Ashley's Frasers says Currys and Boohoo stakes are 'supportive'

Frasers discloses 5% stake in Boohoo

*

Read more
20 Jun 2023 11:36

UPDATE: Frasers says boohoo, Currys stake buys part of growth strategy

(Alliance News) - Frasers Group PLC on Tuesday said it its acquisition of stakes in boohoo Group PLC and Currys PLC are part of a wider strategy of taking up "supportive shareholder positions in attractive retail companies".

Read more
20 Jun 2023 10:53

Frasers snaps up Currys and boohoo stakes to add to AO World and Asos

(Alliance News) - Frasers Group PLC, having already dipped into fast fashion and electrical goods with stakes in Asos PLC and AO World PLC, continued its shopping spree in recent days.

Read more
20 Jun 2023 09:58

TOP NEWS: Frasers shopping spree goes on as buys boohoo, Currys stakes

(Alliance News) - Frasers Group PLC continued its streak of buying up shares in UK retail outfits, with a regulatory filing showing it has taken up a position in online fashion firm boohoo group PLC.

Read more
19 Jun 2023 09:10

LONDON BROKER RATINGS: Redburn likes Entain; HSBC lifts FirstGroup

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

Read more
19 Jun 2023 07:53

LONDON BRIEFING: Severn Trent deal sized up by CMA; Coca-Cola HBC buys

(Alliance News) - Stocks in London are called lower on Monday, ahead of more central bank decisions, while a meeting between US Secretary of State Antony Blinken and his Chinese counterpart put relations between the two nations back under the spotlight.

Read more
16 Jun 2023 09:07

LONDON BROKER RATINGS: UBS lifts B&M price target to 550p from 385p

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

Read more
15 Jun 2023 17:15

European shares slip after ECB rate hike

ECB hikes deposit rate by 25 basis points

*

Read more
15 Jun 2023 17:15

UK's FTSE 100 rises on energy boost; Informa jumps

ECB raises rates by an expected 25 bps

*

Read more
15 Jun 2023 17:02

LONDON MARKET CLOSE: Europe mixed after ECB hike and hawkish Fed

(Alliance News) - London's FTSE 100 closed higher, though equities in mainland Europe weakened, after both the Federal Reserve and European Central Bank both hinted that they are not done with rate hikes.

Read more
15 Jun 2023 13:35

Fashion retailers resilient despite consumer fears

LONDON, June 15 (Reuters) - A strong start to June for the world's second-biggest fashion retailer H&M, an optimistic outlook from Hugo Boss and a return to profitability at ASOS helped allay concerns over a sector hit by weakening U.S. demand.

Read more
15 Jun 2023 12:07

LONDON MARKET MIDDAY: European equities downbeat ahead of ECB decision

(Alliance News) - Stock prices in London were largely lower at midday on Thursday, as focus turned to the European Central Bank's interest rate decision due out in the early afternoon.

Read more
15 Jun 2023 11:42

Mike Ashley's Frasers lifts stake in Asos again to 10.6%

(Sharecast News) - Mike Ashley's Frasers Group has lifted its stake again in troubled online fashion outlet Asos to 10.6%, the company announced on Thursday.

Read more
15 Jun 2023 11:26

IN BRIEF: Frasers ups stake in Asos for fourth time in month, to 10.6%

Frasers Group PLC - Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chains - Raises stake in Asos PLC, a London-based online fashion retailer which on Thursday reported a return to an adjusted quarterly profit, to 10.6% on Monday, from 9.9%. The raise in Frasers's stake in Asos follows three other raises over the past 31 days, to 9.9% last Wednesday, to 8.8% on June 1, and to 7.4% on May 15, from 5.1% before that.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.