Join Hafta-Ichi to Research the article “FTSE 100 gains after Federal Reserve boosts markets – business live | Business”
Asos profits triple as pandemic boosts sales
Asos has more than tripled first half profits to a record £113m and raised full year expectations as the online retailer continues to prove to be a major winner during the pandemic.
The company also said that the Topshop, Miss Selfridge and activewear brand HIIT brands, acquired from Sir Philip Green’s Arcadia empire for £330m in February, have been “seamlessly” integrated into its online platform and have seen “great early customer momentum”.
Asos reported a 253% year-on-year increase in pre-tax profits to £106.4m in the six months to 28 February, as total group revenues climbed 24% to £2bn.
Australian government monitoring GFG steel developments
Introduction: Markets gain after Federal Reserve points to longer support
Source: The Guardian
Keyword: FTSE 100 gains after Federal Reserve boosts markets – business live | Business