ASOS up as it beats expectations

AIM-listed online fashion retailer ASOS (LON:ASC) watched its share price soar 12.87% to 4,763p (as of 15:20 BST) after announcing that sales and profits for the full year would be ahead of market expectations. The company said that it had seen stronger than anticipated underlying demand as well as lower returns than expected during and after lockdown.

The forward outlook remains uncertain and the company is unsure how long these patterns of behaviour will persist.