UK retailer ASOS up after logistics partnership with GXO extended

By Reuters News08:58 (UTC), 11 November 2026 Updated

** Shares of British online retailer ASOS ASOS.L up 5.2% at 459p, among top percentage gainers on FTSE mid-caps .FTMC

** ASOS and contract logistics provider GXO GXO.N extend strategic partnership through 2034

** Renewed agreement covers warehouse fulfilment and transportation services to help improve delivery speed and efficiencies led by technology

** The retailer is speeding up a turnaround focusing on boosting margins, cost cuts, and tighter stock control

** YTD, ASOS had risen ~54% as of the stock's last close

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