Company News 

Asos warns (again)

Asos warns (again)

Shares in Asos (ASC) plunged by as much as a fifth after the online retailer issued its second profit warning in a matter of months. The group revealed that European and US sales have been hampered by operational issues tied to its warehouse programmes in Berlin and Atlanta. “Embedding the change from the major overhaul of infrastructure and technology” in these facilities has taken longer than expected.

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