|Bid||315.00 x 63000|
|Ask||354.50 x 23400|
|Day's range||316.40 - 319.70|
|52-week range||307.00 - 397.80|
|PE ratio (TTM)||44.04|
|Earnings date||8 Nov 2017|
|Dividend & yield||0.24 (5.85%)|
|1y target est||353.08|
U.K. blue-chip stocks end higher Thursday, but the pound was knocked down in the wake of the Bank of England’s decision to lower some of its projections on British economic growth and wages.
Britain's most successful clothing retailer this century, in terms of profits, has faltered over the last two years due to a broader slowdown in spending on fashion and footwear that it first identified in 2015. “I’m marginally less pessimistic than I was three months ago and it’s encouraging to see some of the improvements coming through on Directory," Chief Executive Simon Wolfson told Reuters, referring to the group's online business. Wolfson said that while he expected price increases to moderate next year, it was much harder to predict when consumers would start spending more on clothes.
British online fashion retailer ASOS (LSE: ASC.L - news) on Thursday forecast sales growth for the full 2016-17 year at the upper end of its 30-35 percent guided range, as it reported continued strong trading both in its home market and overseas. Established in 2000 for fashion-conscious twenty-somethings, ASOS was an early e-commerce success story, but is seeing growing competition from the likes of British rival Boohoo and Germany's Zalando (Swiss: OXZALG.SW - news) as well as from traditional store-based chains who have invested heavily in their online offerings. Shares (Berlin: DI6.BE - news) in ASOS, which listed at 20 pence in 2001, have increased 30 percent over the last year, as the depreciation of sterling versus the U.S. dollar and euro post the Brexit vote has allowed the retailer to reduce prices and drive sales in its international markets.