Asos jumps 6% after better than expected results

Company upbeat as it receives a boost from US duty changesAsos plans to boost investment in its remaining overseas businesses after closing its China operations, the online fashion retailer said as it reported an 18% rise in half year profits.The company will incur closure costs of £10m in China, but the £2m it previously planned to spend in the country will be redeployed in other markets. Apart from the UK, Asos sees its main markets as France, Germany and the US. Continue reading..