Stock Movers Asos Falls, Ubisoft Rallies, Tullow Oil Slumps
Nov 21, 2025
Louise Moon, a Bloomberg breaking news editor, offers insight into the shifting tides of the market. She discusses Asos's alarming 9.7% drop after revealing a staggering pretax loss and a decline in active customers. The conversation shifts to Ubisoft, which managed a recovery after a week-long trading halt due to financial complications. Finally, Tullow Oil faces harsh realities as shares plummet 32% amid concerns over its significant debt and stalled refinancing efforts. Tune in for an engaging analysis of these pivotal market movements!
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Ubisoft Restatement Calms Market
- Ubisoft delayed results after auditors found improperly booked sales and had to restate 2025 accounts.
- Shares fell then rebounded as the market viewed the published details as less severe than feared.
ASOS Faces A Weak Recovery Base
- ASOS reported a larger-than-expected full-year loss and a 15% revenue drop amid a broader weak UK consumer backdrop.
- The company needs to win back active customers to make the turnaround and support 2026 recovery.
Tullow's Refinancing Risk Sparks Sell-Off
- Tullow Oil raised its net debt forecast and is in talks with creditors over refinancing options that could heavily dilute equity.
- Shares plunged to a record low amid worries about the lack of clear progress on its large debt load.