Asos Falls, Ubisoft Rallies, Tullow Oil Slumps
On this episode of Stock Movers:
- Asos falls 9.7% after reporting results. The firm reported pretax loss for the full year of GBP281.6 million, estimate loss GBP259.8 million.
- Ubisoft shares turn higher, reversing initial declines, as the stock resumes trading following a week-long suspension caused by a delay to the publication of second-quarter results.
- Tullow Oil shares plummet as much as 32% to a new record low after the company issued a trading update. Analysts said there has been a lack of progress on the refinancing of its mountain of debt, with Panmure Liberum warning there is “no investment case to speak of at present, and little rationale for investors not to head for the exit.”
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