High On Emotion
Expected to decrease by 40%
Online retailer ASOS is predicting profits will take a big hit in 2022.
The fashion company expects sales to decrease by approximately 40%.
The company believes the decreases are due to higher freight and labour costs, as well as delays in the supply chain.
Earlier this morning, shares fell by over 10% with the news of potential decrease in sales.
Neil Wilson is a markets expert, and says ASOS has had problems maintaining sales growth:
First Polls Have Opened In The US For Midterm Elections
The first results are expected to be announced late this evening, around 10pm Irish time
€5.6BN Stolen From Cryptocurrency Platform By Hackers
It's claimed to be the "largest bank heist in human history".
Exit Polls Suggest No Clear Winner In Israeli Election
It's Israel's first national poll since the October 7 attacks
Netanyahu Seeks Another Term As Israeli Elections Get Underway
Former military chief Gadi Eisenkot is among his main challengers
Russian Strikes Leave 600,000 People Without Power
It's alleged they targeted energy infrastructure in Kyiv and Kharkiv.
Sunny intervals
12°C
Sunny intervals
11°C
Medium-level cloud
10°C
Sunny intervals
10°C
