UK's ASOS jumps on Atlanta fulfilment centre disposal

Asos

01/07/2026 08:18

** Shares of British online retailer ASOS ASOS.L up 9% at 314p
** Stock is the top gainer on FTSE small caps .FTSC index
** Co disposes of Atlanta fulfilment centre for about £48 million ($63.56 million)
** JP Morgan raises PT on stock to 330p from 285p
** The net proceeds of £48m represent c.14% of Asos’ market cap as at cob (close of business) Tuesday. We expect the shares to move higher today to reflect the disposal - JP Morgan 
** YTD, ASOS up ~11% 

($1 = 0.7552 pounds)

 (Reporting by Nithyashree R B in Bengaluru)
 ((NithyashreeRB@thomsonreuters.com))