UBS Up, Asos Slumps, Close Brothers Slides
On this episode of Stock Movers:- UBS reiterated its scathing critique of Switzerland’s planned changes to banking regulation, saying they may put the firm’s role in the country at risk.- Asos warned its full-year earnings would be at the lower end of expectations as the online fast fashion chain works on a complex turnaround plan. Shares of Asos fell as much as 13% in early London trading, the most on an intraday basis since May 2023.- Close Brothers is offloading its loss-making vehicle hire business, at a cost of £30 million, in its latest bit of reorganisation to become…
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