Small Talk: The Alternative Investment Market has recovered after five miserable years but is still fragile
07 July 2014 01:16 AM
Britain has a remarkable propensity for building things up only in order to knock them down again. The sad story of the online fashion retailer Asos is a case in point. Having lauded the company for years, driving its stock to higher and higher valuations, investors have run for cover at the first sign of trouble; two profits warnings have seen the share price halve this year.