The £40m refurbishment of Asos’s north London headquarters, replete with zeitgeisty yoga rooms and canned water dispensers, is approaching completion. But the job of rebuilding relations in the City is only just beginning after a year marked by profit warnings. The company’s share price hit a high of £76 in March 2018, and a year ago three-quarters of analysts following the stock rated it a buy. Asos closed on Thursday at £23.87, and only two-fifths of analysts think the shares are worth buying.
The £40m refurbishment of Asos’s north London headquarters, replete with zeitgeisty yoga rooms and canned water dispensers, is approaching completion. But the job of rebuilding relations in the City is only just beginning after a year marked by profit warnings. The company’s share price hit a high of £76 in March 2018, and a year ago three-quarters of analysts following the stock rated it a buy. Asos closed on Thursday at £23.87, and only two-fifths of analysts think the shares are worth buying.
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