Directors Deals 

Asos non-exec sells down

Asos non-exec sells down

Asos (ASC) lost its status as junior market royalty last year after losing more than half of its market value on news of weaker first-quarter sales. First-half pre-tax profits were ravaged by hefty investment in logistics and technology, causing them to fall 87 per cent. So investors might be alarmed to see non-executive director Nick Roberston selling £15m-worth of shares in the days following the most recent update.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now