Asos FY revenue 'slightly below' estimates, Legal & General CFO resigns
By Iain Gilbert
Date: Tuesday 30 Sep 2025
(Sharecast News) - LONDON PRE-OPEN
The FTSE 100 was expected to open 11.7 points lower ahead of the bell after wrapping up the previous session 0.16% firmer at 9,299.84, off session highs, held back by weakness in the energy sector.
STOCKS TO WATCH
Asos warned on Tuesday that full-year revenues had come in slightly below market expectations, as the online fashion retailer continued to navigate a subdued consumer backdrop. Asos also said adjusted underlying earnings were expected to land towards the lower end of its £130m to £150m guidance range, despite rising more than 60% year-on-year.
Real estate investment trust Assura said on Tuesday that it had delivered a "strong trading performance" over the first six months of the trading year, despite it being a "period of uncertainty" for the firm. Assura reported a like-for-like increase of 5.6% on £25.5m of rent roll reviewed, with a weighted average annual uplift of 2.9%. Assura's portfolio now stands at 602 properties with an annualised rent roll of £179.5m and a weighted average unexpired lease term of 12.3 years.
Legal & General's chief financial officer of eight years has handed in his resignation, the insurance, retirement and investment group announced on Tuesday. Jeff Davies, the former EY partner who has been CFO of L&G since 2017, will be leaving the company in December to "pursue a new opportunity", with the head of its Institutional Retirement division, Andrew Kail, named as his successor.
NEWSPAPER ROUND-UP
The former head of the Institute of Directors has accused the Government's Covid fraud division of a "deliberate smear campaign" after she was punished for abusing loan schemes. Anna Daroy, who was the think tank's director general between 2018 and 2019, has criticised the Insolvency Service over its decision to ban her as a company director for 11 years. - Telegraph
Rachel Reeves's pledge to tackle youth unemployment will target just one in 20 young people who are out of work and on benefits, official figures show. Under the changes, the Chancellor said young people who have been out of work for 18 months will be required to take on a mandatory paid role or face being stripped of their benefits. - Telegraph
YouTube has agreed to pay $22m towards constructing a ballroom in the White House as part of a settlement with President Trump, who sued the video platform for suspending his account following the US Capitol riots. The Alphabet-owned company has agreed to pay a total of $24.5m to settle a lawsuit brought over YouTube's actions after the Capitol riot in January 2021, a court filing showed on Monday. - The Times
The company behind the JustGiving charity and fundraising platform has paid £25.8m to its Nasdaq-listed American parent. Giving.com paid the dividend to Blackbaud, the software company that has owned the UK site since 2017. - The Times
Charlie Javice, the entrepreneur convicted for defrauding JPMorgan Chase into buying her college financial aid startup Frank for $175m, was sentenced on Monday to just over seven years in prison. Alvin Hellerstein, the US district judge, handed down the sentence at a hearing in Manhattan federal court. - Guardian
US CLOSE
Major indices closed higher on Monday as stocks clawed back some of last week's losses.
At the close, the Dow Jones Industrial Average was up 0.15% at 46,316.07, while the S&P 500 advanced 0.26% to 6,661.21 and the Nasdaq Composite saw out the session 0.48% firmer at 22,591.15.
Reporting by Iain Gilbert at Sharecast.com
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