Asos raises £247m in share placing as sales drop by 25%

// Asos’ sales plummet 25% in the most recent three weeks of trading, since lockdown came into effect
// It also raised £247m through a placing of shares to help it weather the storm of the coronavirus crisis
// For the half-year ending Feb 29, Asos’ pre-tax profit surged 653% to a record £30.1m, sales grew 21% to £1.6bnAsos has shown that online fashion is not immune to the unprecedented problems in retail due to Covid-19, as it revealed a 25 per cent drop in sales