Browsing Tag
Lichfield
2 posts
ASOS (LSE: ASC) shares jump as £48m Atlanta sale cuts debt and completes warehouse reset
ASOS has sold its unused Atlanta fulfilment centre, unlocking £48 million in cash and £6 million in annual savings as the online fashion retailer works to repair its balance sheet and build a leaner logistics model.
Marks and Spencer (MKS) reports 23.8% profit drop to £671.4m as cyber incident bites but second half returns to growth
M&S profit fell 23.8% to £671.4m on a £131.3m cyber bill, yet Food surged 7% and the dividend rose 16.7%. The recovery case hinges on one fragile metric. Read more.