Shares in online fashion giant Asos are set to take another hit today after the firm warned that full-year profits would be lower than expected – between £30million and £35million.
Meanwhile, EasyJet impressed with an 11 per cent jump in revenues over the last three months as the timing of Easter helped offset falling demand amid Brexit uncertainty.
The struggling pound buys $1.2438 – up 0.07 per cent – and €1.1067 – down 0.07 per cent – in early trading today ahead of the retail results for June due out at 9.30am. Economists are expecting a 0.3 per cent slide.
Yesterday, the currency slid below $1.24 for the first time in two years.
The struggling pound currently buys $1.2438 – up 0.07% – and €1.1067 – down 0.07%