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Market Turbulence & Mortgage Realities: A Snapshot 1. Retailer’s Plunge: ASOS, the British online fashion giant, saw profits nosedive 89% in 2021–22 (£22M vs. £193.6M in 2020–21), mirroring its 80% stock crash this year. The slump aligns with its grim profit warning last month, starkly contrasting its pandemic-era boom. CEO José Antonio Ramos Calamonte
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