Asos sales growth boosts stocks

<p>Asos shares are up by 13 per cent.</p>

Shares in online fashion retailer Asos have rocketed today (September 19th), after the firm announced a large rise in sales.

The company revealed that its sales for the three months to the end of August were 47 per cent higher than a year ago, reaching £208 million.

Chief executive Nick Robinson added full-year profits are also going to beat expectations. Mr Robinson said he was "pleased" with the "strong finish to the financial year".

The share price of Asos has shot up today on the back of the sales growth, with stocks trading more than 13 per cent higher at 16:25 BST than at the start of the day.

Kate Bostock, the former head of general merchandise at Marks and Spencer, left her role as head of product and trading at Asos just seven months after joining earlier this year. "Asos isn't the right place for me," she said at the time.

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