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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: 375.00
Bid: 376.40
Ask: 377.00
Change: 1.60 (0.43%)
Spread: 0.60 (0.159%)
Open: 367.60
High: 380.40
Low: 367.60
Prev. Close: 373.40
ASC Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: Severfield says pipeline conversion slow

Wed, 06th Sep 2023 10:21

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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SMALL-CAP - WINNERS

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Halfords Group PLC, up 2.3% at 191 pence, 12-month range 123.9p-234.8p. Broker Peel Hunt raises the motoring retailer's stock to 'buy' from 'add', raising the price target to 275p from 250p previously.

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SMALL-CAP - LOSERS

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Severfield PLC, down 4.0% at 65.1p, 12-month range 46.65p-76.2p. The structural steel company warns of ongoing delays in converting its pipeline of opportunities. It blames this on persistent high inflation and rising interest rates, as clients wait for economic stability. Notes these factors informed Sunset Studios' decision to pause construction on its planned new film production base in Hertfordshire, and Severfield removed that contract from its order book in July. Still, Severfield says trading in the first five months of the year is in line with its expectations, and it expects to deliver further progress.

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Asos PLC, down 3.6% at 425.1p, 12-month range 320.33p-1,015p. Goldman Sachs cuts the target price for the online clothing retailer's stock to 515p from 600p previously. The investment bank maintains its 'neutral' rating on Asos shares.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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

Frasers discloses 5% stake in Boohoo

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

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

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

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15 Jun 2023 17:15

European shares slip after ECB rate hike

ECB hikes deposit rate by 25 basis points

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

ECB raises rates by an expected 25 bps

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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.

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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.

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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.

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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.

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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.

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