ASOS Gives Investors Some Relief, But Environment Remains Tough -- Market Talk

Dow Jones09-10

0736 GMT - ASOS's recent moves should provide investors with some near-term comfort, but challenges persist, Shore Capital analysts Katie Cousins and Clive Black write in a research note. The U.K. online fashion retailer intends to sell a stake in its Topshop and Topman brands to Heartland for 135 million pounds via the formation of a joint venture. The company will also launch a refinancing plan. Both measures have reduced one of the key risks to the investment case: liquidity, the analysts say. While providing some near-term relief, there are still some longer term concerns, including loss of share, a tough competitive market and weak discretionary consumer spend for clothing, the analysts add. Shares trade 4.6% lower at 415 pence. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

September 10, 2024 03:36 ET (07:36 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2466310220?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-10 15:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2466310220","market":"us","top_or_hot":-1,"title":"ASOS Gives Investors Some Relief, But Environment Remains Tough -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0736 GMT - ASOS's recent moves should provide investors with some near-term comfort, but challenges persist, Shore Capital analysts Katie Cousins and Clive Black write in a research note. The U.K. online fashion retailer intends to sell a stake in its Topshop and Topman brands to Heartland for 135 million pounds via the formation of a joint venture. The company will also launch a refinancing plan. Both measures have reduced one of the key risks to the investment case: liquidity, the analysts say. While providing some near-term relief, there are still some longer term concerns, including loss of share, a tough competitive market and weak discretionary consumer spend for clothing, the analysts add. Shares trade 4.6% lower at 415 pence. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 10, 2024 03:36 ET (07:36 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASOS Gives Investors Some Relief, But Environment Remains Tough -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASOS Gives Investors Some Relief, But Environment Remains Tough -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-10 15:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0736 GMT - ASOS's recent moves should provide investors with some near-term comfort, but challenges persist, Shore Capital analysts Katie Cousins and Clive Black write in a research note. The U.K. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ISBC","symbol_name":"投资者银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2466310220","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466310220","pubTimestamp":1725953760,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0736 GMT - ASOS's recent moves should provide investors with some near-term comfort, but challenges persist, Shore Capital analysts Katie Cousins and Clive Black write in a research note. The U.K. online fashion retailer intends to sell a stake in its Topshop and Topman brands to Heartland for 135 million pounds via the formation of a joint venture. The company will also launch a refinancing plan. Both measures have reduced one of the key risks to the investment case: liquidity, the analysts say. While providing some near-term relief, there are still some longer term concerns, including loss of share, a tough competitive market and weak discretionary consumer spend for clothing, the analysts add. Shares trade 4.6% lower at 415 pence. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ISBC":"投资者银行","BK4211":"区域性银行","ASOMY":"ASOS plc","BK4122":"互联网与直销零售","BK4094":"服装零售"},"translate_title":"ASOS让投资者松了一口气，但环境仍然严峻——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1,"ASOMY":0.9},"content_text":"0736 GMT - ASOS's recent moves should provide investors with some near-term comfort, but challenges persist, Shore Capital analysts Katie Cousins and Clive Black write in a research note. The U.K. online fashion retailer intends to sell a stake in its Topshop and Topman brands to Heartland for 135 million pounds via the formation of a joint venture. The company will also launch a refinancing plan. Both measures have reduced one of the key risks to the investment case: liquidity, the analysts say. While providing some near-term relief, there are still some longer term concerns, including loss of share, a tough competitive market and weak discretionary consumer spend for clothing, the analysts add. Shares trade 4.6% lower at 415 pence. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 10, 2024 03:36 ET (07:36 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2466310220"}