FTSE LIVE: Asos warns on profits; Easter surge lifts Easyjet; Stricken pound picks up

FTSE LIVE: Asos warns on profits; Easter surge lifts Easyjet; Stricken pound picks up


FTSE LIVE: Asos warns on profits; Easter surge gives Easyjet a lift; Stricken pound picks up ahead of latest retail data

  • Asos warned profits will be lower than anticipated, blaming ‘operational issues’ 
  • EasyJet said it will meet it profit targets after Easter helped buoy sales  
  • The struggling pound buys $1.2438 and €1.1067 in early trading today 

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%

The struggling pound currently buys $1.2438 – up 0.07% – and €1.1067 – down 0.07%



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