Asos shares crash 38% after shock profit warning

Downturn for fashion retailer suggests high street malaise is spreading to online companiesAsos has issued an unexpected profit warning after a poor November, becoming the latest retailer to be hit by weak consumer confidence, increased discounting and unusually mild weather.The downturn suggests the high street malaise is spreading to online retailers, with consumers worried about what Brexit will mean for their finances.4 December Related: Brexit worries and bad weather cloud the Christmas hig