Monday marks a new week on the calendar, and London stocks have opened relatively higher. The FTSE 100 is currently up 0.21%, and the FTSE 250 has gained 0.39%. The Pound has also risen this morning as the new chancellor moves to calm the markets.
Read more on the latest developments across London-listed stocks.
- Asos responded to recent media reporting on Monday.
- Asos confirms that it is in the final stages of agreeing an amendment to the future financial covenants in its Revolving Credit Facility, which matures in July 2024.
- This action will give Asos significantly increased financial flexibility against a difficult economic backdrop.
- Asos shares are down 5.84%.
- Hargreaves Lansdown reported its trading update for its first quarter.
- The company stated net new client growth increased by 17,000 in the period, taking its active clients to 1,754,000 and a client retention of 92.2%.
- In addition, revenue was up15% to £162.9 million.
- Finally, the group raised its FY23 revenue margin guidance to 49-52bps.
- Shares of Hargreaves fell 5% this morning.
- The board of MADE has provided an update on its formal sale process.
- The board of MADE has received a number of non-binding indicative proposals.
- As a result, the company has invited a select number of parties to progress towards firm offers by the end of October.
- Audioboom has provided a trading update for the quarter that ended on 30 September.
- Total revenue for the nine months was $57.1 million, up 44% compared to the prior year.
- Total adjusted EBITDA profit increased 125% to $2.7 million.
- Elsewhere, the group saw average Q3 monthly downloads of 107.5 million, up 9%.
- Audioboom shares gained 2% so far.