Published: September 30, 2025 at 9:58 am
Online retail giant ASOS has seen its share price drop by almost 9% since trading opened this morning.
It comes after the company notified the London Stock Exchange of its annual results, reporting a rise in profits in the last financial year despite a fall in sales.
The company stressed its progress in cutting costs and clearing stock even as revenues slipped. However profit came in at the lower end of the expected range, it said.
Its share price now sits at 267p at the time of writing, 8.9% down on the 293p it sat at when markets closed yesterday and 39% down on 436.2p, where it was at the start of the year.