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Stocks set lower after US Fed decision, ahead of ECB

(Alliance News) - Stocks in London were set to open lower on Thursday, after the US Federal Reserve paused its interest rate hikes but indicated that more will follow this year.

The US central bank left the federal funds rate range unchanged at a range. ....

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Asos cheers return to profitability as recovery plan pays off

However, the online fashion retailer revealed a drop in sales in the three months to May. ....

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Asos shares surge as returns to profitability

Asos PLC on Thursday said it returned to profitability with its P3 adjusted earnings before interest and tax in the three months ended May 31, despite a drop in revenue.

Shares were up 13% at. | June 15, 2023 ....

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H&M, Asos Gain as Retailers Show Signs of Better Days to Come

(Bloomberg) Hennes & Mauritz AB and Asos Plc shares rallied after the clothing retailers reported signs of improving prospects.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, Offers Defense PreviewNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleKen Griffin Ramps Up Credit Bets, Anticipating US RecessionH&M gained as much as 6.9% after ....

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Asos shares jump after reported £1bn bid from Turkish rival

The troubled online retailer was reportedly approached by Turkish online fast fashion firm Trendyol in late December. ....

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