Asos shares uptick despite narrowing losses Retail Asos shares are up by more than 3 per cent on Thursday as the online fashion giant focuses on efforts to bear down on its losses. The group cut its pre-tax loss by more than £100m to £137.9m for the six months to the beginning of March, while revenue slid 14 per cent to £1.1bn. [...]
FTSE 100 Live: Stocks slump as oil rises; Reeves tax hikes trigger borrowing boost Markets Good morning and welcome back to the City AM liveblog. An extended ceasefire may have been announced in the Middle East, but its left markets with major appetite for further peace before investor sentiment recovers. Brent crude – the international benchmark for oil prices – was trading back over the $100 mark on Thursday morning. [...]
Mike Ashley confronts Asos board in latest retail row Retail Mike Ashley’s Frasers Group voted against resolutions at online fashion retailer Asos’s general meeting, sparking fears that the high street magnate could prompt further disruptions at listed companies. Various company resolutions were passed by Asos on Friday afternoon but Ashley looked to spoil the party with disruptive votes in meetings, it has been reported. The [...]
FTSE 100 Live: Asos shares tumble, retail sales drop, Babcock sinks November 21, 2025 Good morning from the City AM liveblog team. With just days to go before the Budget, there is increasing investor nervousness about what surprises could be in-store for businesses. Few are expecting those surprises to be pleasant. Speaking to the paper yesterday, the boss of the world’s biggest platinum group metals recycler warned Rachel Reeves [...]
Topshop and Topman losses revealed before John Lewis move October 7, 2025 Losses at the joint venture behind Topshop and Topman have been revealed ahead of the brand’s return to UK stores next year. The brands were sold by online clothing retailer Asos to a joint venture alongside Danish retail tycoon Anders Holch Povlsen’s Heartland in September 2024. Asos had previously acquired Topshop and Topman along with [...]
FTSE 100 seals best quarterly rise since 2022 September 30, 2025 The FTSE 100 has net its best quarterly rise since 2022 as the index shrugged off geopolitical tensions to storm to record highs. London’s blue-chip index clawed back morning losses to seal a 0.54 per cent gain at 9350.43. A batch of risers managed to offset losses from market heavyweights. Pest control firm Reckitt and [...]
Asos shares sink after sales fall behind expectations September 30, 2025 Shares in e-commerce fashion firm Asos have tumbled after the company reported sales short of expectations and vowed to extend its cost-cutting programme in a bid to secure “even stronger profitability foundations”. The London-based business said it “had planned to shift gears” from rebuilding its commercial model towards “re-engaging with customers.” “Instead, more opportunity to [...]
New Look owners line up Rothschild as high street chain prepares for possible sale August 24, 2025 The owners of New Look have appointed Rothschild to oversee a strategic review that could see the high street fashion chain change hands next year. Alcentra and Brait, which have controlled the retailer since 2020, tapped the investment bank after receiving unsolicited approaches from potential buyers, Sky News reported. No timeline has been set for [...]
Mike Ashley’s investments double to £1bn thanks to Hugo Boss shares July 17, 2025 The total value of the stakes Mike Ashley’s empire holds in the likes of Hugo Boss, AO World and Boohoo have doubled to £1bn in just over a year, it has been revealed. According to the group’s latest financial results, which have been filed with the London Stock Exchange, the value of its investments in [...]
Asos replaces finance chief after just one year June 17, 2025 Asos’ chief finance officer Dave Murray has stepped down from his role after 15 months as the struggling commerce giant continued to push a turnaround. He will be replace by Aaron Izzard, who currently serves as director of group finance at Asos. Murray, who will leave to “pursue other opportunities”, has helmed Asos’ finance division [...]