ASOS (ASC)

Sector:

Retailers

Index:

FTSE Small Cap

367.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 446.00p
  • 52 Week Low: 333.40p
  • Currency: UK Pounds
  • Shares Issued: 119.33m
  • Volume: 103,120
  • Market Cap: £438.43m
  • RiskGrade: 234
  • Beta: 0.40

Asos, Boohoo, Asda ordered to green up their act

By Frank Prenesti

Date: Wednesday 27 Mar 2024

LONDON (ShareCast) - (Sharecast News) - UK regulators have ordered Asda, Asos and Boohoo to avoid "greenwashing" environmental claims on the clothing they sell.



The trio will now have to file regular reports to the UK's Competition and Markets Authority (CMA) after the regulator started probing in 2022 amid worries the retailers were not using evidence to back up their "green" claims.

All have agreed to set out their claims more accurately and not to use "natural" imagery such as green leaves to make a product look better than it is. They were warned that fines could be imposed under current laws for any breaches.

Asda, now privately owned by the billionaire Issa brothers Mohsin and Zuber sells clothing in the UK under its 'George' label.

"What we're asking firms to do is put themselves in the shoes of their shoppers, and see whether that claim is understandable in its own right - is it accompanied by information that makes clear what that means?" said CMA interim executive director for consumer protection and markets George Lusty.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ASOS Market Data

Currency UK Pounds
Share Price 367.40p
Change Today 0.40p
% Change 0.11 %
52 Week High 446.00p
52 Week Low 333.40p
Volume 103,120
Shares Issued 119.33m
Market Cap £438.43m
Beta 0.40
RiskGrade 234

ASOS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.6% below the market average12.6% below the market average12.6% below the market average12.6% below the market average12.6% below the market average
17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% above the sector average
Price Trend
25.9% below the market average25.9% below the market average25.9% below the market average25.9% below the market average25.9% below the market average
9.52% below the sector average9.52% below the sector average9.52% below the sector average9.52% below the sector average9.52% below the sector average
Income Not Available
Growth
59.27% below the market average59.27% below the market average59.27% below the market average59.27% below the market average59.27% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 10
Sell 4
Strong Sell 1
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ASOS Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:08 2 @ 368.20p
16:08 1 @ 368.20p
16:38 298 @ 367.40p
16:35 392 @ 367.40p
16:35 107 @ 367.40p

ASOS Key Personnel

CEO José Antonio Ramos Calamonte
CFO Dave Murray

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