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Lrgz Tiktok faces uncertainty in the US, but a UK ban seems unlikely
Monday 17 March 2025 11:16 amAsos shares plunge as investors lose confidenceBy: Amber MurrayRetail ReporterShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAsos shares have slumped more than eight per cent in early deals this morning, extending losses recorded over the past few months as investors have lost confidence in the retailerrsquo turnaround plan. The e-commerce firmrsquo share price has dropped by a third in the last month and has fallen by half since the start of the year. It is down more than 15 per cent in the last five days alone. Asos shares are currently changing hands for 233p per share, down from a mid-pandemic high of 5,772p per share i polene handtaschen n April 2021.Analysts have blamed a general downturn in the e-commerce channel post-pandemic, something which has affected fellow retailers boohoo and Pretty Little Thing.The COVID boom sparked overinvestments across staff, stock and infrastructure that are still being unwound, Jeffries analysts Andrew Wade and Grace Gilberg said. That unwind stanley uk has been in part funded by reclaiming value from customers [via] range, delivery and proposition . The external datahellip; suggests that these changes, coupled with competition, continue to impact demand, the analysts added. Asos reported an operating loss of pound;331.9m for the year to 1 September 2024, up pound;83.4m from a loss of pound;248.5m in 2023.AJ Bell analyst Dan Coatswo polene tasche rt Xzfc Labour unveils new lsquo;Buy British rsquo; economic policy
Saturday 22 December 2018 2:55 pm|Updated:Monday 03 June 2019 3:17 amNorthern Line extension to Battersea Power Station faces 12 month delay in latest TfL setbackThe pound;1.1bn Northern Lineextensionto BatterseaPower Station has been delayed by at least 12 months in the latest setback for cash-strapped Transportfor London.The two mile spur from Kennington was forecast to open in 2020 but will now not polene be ready until September 2021 at the earliest, pushing up the project s cost.London mayo polene cyme r Sadiq Khan said that the original target date was under review at Mayor s Question Time due to a need to adapt the construction programme as designs for both the Batterseapower station development and tubestation below it have evolved.The spur from Kenningtonto the power station and Nine Elms is seen as vital to the regentrification of the south bank area, where the new American embassy recently opened.It comes just weeks after it was revealed that the Crossr polene store ailproject had needed a further pound;2.15bn bailout from the government, taking the total cost of the project to over pound;17bn.The newline going from east to west London, and throughcentral,had been scheduled to open ahead of this Christmas but isnow not expected to be operating until 2020.A TfL spokesperson said that progress was being made on the underground extension. Major tunnelling finished last year and the new and existing Northern line tunnels were connected, they said. Track is being laid i |
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