12-08-2020 13:47 via theguardian.com

Asos cheers City with second profit upgrade in a month

After early hit by coronavirus, fashion store beats forecast as market price rises by rise 6%Coronavirus - latest updatesSee all our coronavirus coverageAsos has upgraded profit expectations for the second time in just over a month, saying sales had been stronger than predicted and shoppers are returning fewer items.Shares in the online specialist rose 6% on Wednesday morning to £44.74 as it said sales were expected to rise by between 17% and 19% in the year to the end of August, more than
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