Asos quadruples profits, but shares plunge on ‘cautious’ demand note

  • Asos posted a record 329% increase in pretax profit to £142.1 million ($184 million) in the year to August.
  • This was mainly down to it cutting around £50 million ($65 million) of costs.
  • Sales of sportswear, skincare, and makeup also boomed during lockdown.
  • But it said it was “cautious on the outlook for consumer demand” because of pressure on the disposable incomes of its customers, who are mainly in their 20s.
  • Asos shares fell by 9%, set for their largest one-day fall since mid-March.
  • Visit Business Insider’s homepage for more stories.

Asos more than quadrupled its profits in the year to August thanks to cost-cutting measure and a sportswear boom during lockdown, it announced on Wednesday.

But it warned that its target market, people in their 20s, were struggling economically. It was “cautious on the outlook for consumer demand, and will remain so until lifestyles and financial stability for our

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European Shares Hit Five-Week High on Rebound Optimism, Stimulus Hopes | Investing News

(Reuters) – European shares hit a five-week high on Monday as optimism about a stable economic recovery in China and hopes of more U.S. fiscal stimulus helped offset concerns around surging COVID-19 cases across the continent.

The pan-European STOXX 600 <.STOXX> marked a third straight day of gains to end 0.7% higher, led by utilities <.SX6P>, technology <.SX8P> and autos <.SXAP> stocks.

The Trump administration on Sunday called on the U.S. Congress to pass a stripped-down coronavirus relief bill after talks stalled on a more comprehensive stimulus deal.

“Investors have not lost faith that further stimulus measures will follow and that an effective COVID-19 vaccine will soon be placed on the market,” said Milan Cutkovic, market analyst at Axi.

But a jump in domestic coronavirus cases has raised the spectre of fresh lockdowns and cast a shadow over a nascent economic rebound.

With Italy preparing for nationwide curbs, the European

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2 UK shares I’d buy after their 25% declines make them cheap again

The performances of many UK shares have been disappointing in 2020. Risks including coronavirus and Brexit have weighed on investor sentiment. This has sent many stocks to their lowest levels for a number of years.

However, their falls could present buying opportunities for long-term investors. The recovery prospects for the economy and stock market mean that buying cheap shares today may prove to be a profitable move.

With that in mind, here are two FTSE 100 shares that have fallen 25%+ in 2020. They may now offer margins of safety that produce long-term investment gains.

A large decline relative to other UK shares

WPP’s (LSE: WPP) 38% fall since the start of the year means it has underperformed many UK shares. The advertising and branding business has experienced falling revenues as the world economy’s outlook has deteriorated.

However, its recent interim results showed that it is making progress in

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Why investing money in the best shares at cheap prices can help you to make a million

The stock market crash has caused some of the best shares around to trade at cheap prices. This could present a buying opportunity for long-term investors. Solid businesses may offer less risk and higher growth potential than their peers. Buying them at low prices may provide greater scope for capital growth.



a close up of a sign: Sign pointing towards route to becoming a millionaire.


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Sign pointing towards route to becoming a millionaire.

While they may experience further volatility in the near term, over the long run they could boost your portfolio’s returns. They could even help you to make a million in the coming years.

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Buying the best shares currently available

Focusing your capital on the best shares you can find may improve your financial prospects. They are likely to include those companies that have a clear competitive advantage versus their peers. This may mean they can adapt to changing operating conditions, as well as

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Link Shares Jump 27% on Pacific Equity, Carlyle Group Takeover Proposal

Link Administration Holdings Ltd, an Australia-based provider of services in superannuation administration industry, said it has received a conditional A$2.76 billion proposal from a consortium comprising Pacific Equity Partners, Carlyle Group to acquire 100% of the stake, sending its shares up 27% to A$5.1 on Monday.

The non-binding offer of A$5.20 a share is at a 30.3% premium to the shareholder registry firm’s last closing price and has the support of Perpetual Ltd, which owns 9.7% of the company, Reuters reported.

The Link Group Board will consider the Proposal, including obtaining advice from its financial and legal advisers. Shareholders do not need to take any action in relation to the Proposal. It should be noted that there is no certainty that the discussions with the Consortium will result in any transaction, the company said.

Link Group has appointed Macquarie Capital and UBS as its financial advisers and Herbert Smith Freehills

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No savings at 50? I’d forget gold and buy cheap UK shares to retire in comfort

The recent performance of UK shares may dissuade some investors from buying FTSE 100 and FTSE 250 stocks. However, British shares continue to offer long-term growth potential that could make a real impact on your retirement plans.



a man and a dog on a leash: Senior Couple Walking With Pet Bulldog In Countryside


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Senior Couple Walking With Pet Bulldog In Countryside

As such, now could be the right time to avoid the rising gold price and purchase a range of stocks. At age 50, you are likely to have sufficient time for them to recover after the recent stock market crash.

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Investing in UK shares at age 50

Investing money in UK shares at age 50 may seem like a risky move. After all, retirement is likely to be 15-20 years away. For individuals who have no retirement savings, or who are concerned about their retirement prospects, buying gold may seem to be a better idea than purchasing

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2 cheap ASX shares I like for value investors

It is sometimes hard for investors to commit to ASX shares with eyewatering valuations. Buying ASX shares that are value orientated can feel more tangible with the added benefit of dividends. Here are two cheap ASX shares for those who like to stick to the fundamentals. 



a hand drawing a balancing scale in which price outweighs value


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a hand drawing a balancing scale in which price outweighs value

2 ASX shares I think are ideal for value investors

1. Bell Financial Group Ltd (ASX: BFG) 

Bell Financial Group is an Australia-based provider of stockbroking investment and financial advisory services to private, institutional and corporate clients. Across its companies, Bell Potter Securities, Bell Potter Capital and Third Party Platform, it services over 600,000 clients with funds under advice exceeding $58.4 billion. 

In the company’s half year announcement on 12 August, it announced a 7.4% increase in revenue to $129.6 million, a profit after tax of $23.5

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2 cheap ASX shares I like for value investors // Motley Fool Australia

It is sometimes hard for investors to commit to ASX shares with eyewatering valuations. Buying ASX shares that are value orientated can feel more tangible with the added benefit of dividends. Here are two cheap ASX shares for those who like to stick to the fundamentals. 

2 ASX shares I think are ideal for value investors

1. Bell Financial Group Ltd (ASX: BFG) 

Bell Financial Group is an Australia-based provider of stockbroking investment and financial advisory services to private, institutional and corporate clients. Across its companies, Bell Potter Securities, Bell Potter Capital and Third Party Platform, it services over 600,000 clients with funds under advice exceeding $58.4 billion. 

In the company’s half year announcement on 12 August, it announced a 7.4% increase in revenue to $129.6 million, a profit after tax of $23.5 million and $88 million net cash with no core debt. The Bell Financial share price trades at

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3 reasons I’d ditch buy-to-let property and buy cheap UK shares right now

Buy-to-let property used to be a surefire way to build a sizeable financial nest egg. Unfortunately, tax and regulatory changes over the past few years means this is no longer the case. As a result, I think buying a basket of cheap UK shares could produce better returns in the long run. 

Today, I’m going to highlight the three reasons why I believe this is the case. 

Buy-to-let returns

There are two ways investors can profit from buy-to-let property. Rental income and capital gains. Many investors rely on rental income to cover mortgage payments and costs, such as decorating and emergency repairs. The income covers the day-to-day expenses, and the real profit comes from capital gains. 

However, over the past few years, rental yields have dropped significantly. The average rental yield in the UK is now around 3.5%, although it’s possible to achieve higher returns. At the same time, the

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Here’s why I’d still buy cheap UK shares to make a million after the stock market crash

With the FTSE 100 index sitting at around 6,000 points, you may be wondering why on earth now would be a good time to buy UK shares. After all, the index is in the same position it was in 2016, and has failed to bounce back as strongly as its US counterpart, the S&P 500.

On top of this, the UK economy is in tatters as a result of the impact of Covid-19, which is showing no sign of letting up in the near future.

What’s more, shares in many major UK companies look downright unappealing at present. I’m thinking of well-established businesses such as Rolls-Royce, Royal Dutch Shell, and HSBC, each of which have taken huge hits in the aftermath of the sell-off.

The appeal of UK shares

Despite all this, I’m confident that buying high-quality UK shares today is a wise move. Moreover, if you’re

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