1053 GMT - Asos shares jump 12% to 367 pence after the online fashion retailer reported a return to profit in the third quarter and reiterated second-half and full-year guidance. "We therefore believe headline organic growth could see low/mid-single digit declines in 2H," UBS analysts say in a note. Higher interest rates and a decline in used-car prices should push leasing rates up, Stifel says. While the buyback--at least $5 billion in 2H--will reduce the absolute dividend amount, the dividend per share may not increase more than the 4% base growth target, the analysts say. (christian.moess@wsj.com)Contact: London NewsPlus, Dow Jones Newswires;(END) Dow Jones Newswires06-15-23 0855ET

Source: Wall Street Journal June 16, 2023 00:59 UTC