Why is Informa stock surging 3% today?

Recent market activity shows a divergence in performance between two major companies. Informa stock is currently surging by 3%, reflecting a positive trend in its valuation today. Conversely, ASOS stock is experiencing a significant plunge, with shares dropping sharply in today's trading session. These opposing movements highlight the current volatility and varying investor sentiment toward the two brands as they navigate their respective market conditions and financial outlooks during the current trading day.