Asos rocks retail sector with profits warning after bleak November - business live

Rolling coverage of the latest economic and financial news, as online fashion chain suffers a “significant deterioration” in pre-Christmas tradingIntroduction: Asos profits warning!
Company says trading deteriorated in November
Asos: conditions remain challenging 7.35am GMT City traders are predicting that Asos’s shares will tumble by 15% to 20% when trading begins, in under half an hour. 7.33am GMT Asos has been one of the leading lights in the UK retail sector for years, so t