ASOS (LON:ASC) shares rise after Atlanta warehouse sale narrows debt gap
ASOS Plc shares jumped Wednesday after the online fashion retailer offloaded its final non-core warehouse asset. The disposal gives shareholders a cash boost big enough to shift the company’s debt profile, though sales growth still looks patchy. ASOS traded at 319p, rising 10.76% as of 16:35 BST, according to its investor page. AJ Bell put the day’s open at 300p, with the stock touching 322p in intraday action. ASOS saw 1.69 million shares change hands, giving it a market cap of £375.08 million.