Sunday, 26th April 2015

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News & Reports

Sunday share tips: WPP, Asos, WANDisco

Sun 26th Apr 15, 10:06:4

Shares in Asos should be sold, the Inside the City column said in the Sunday Times. After a rollercoaster ride up to a £70 all-time high before shooting down to half that point after three profit warnings, the halo has slipped and the feeling is that it has further to fall as rivals have caught up with its initial online advantages. Profits are set to flatline due to costly overseas expansion, the strong pound and price discounting and the shares are three times the value of Zara's owner Inditex on a price-earnings basis, and more expensive than H&M.

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