Asos ups forecasts amid lockdown sports gear boom

Image copyright Getty Images Online fashion retailer Asos has said “stronger than anticipated” demand for its clothes has continued even as High Street rivals reopened after lockdown. Sports gear and face creams had continued to sell well, it said. And customers had not been returning items at anything like the rate Asos was expecting, it said in a statement. As… Read more →

Read more →

UK officially in recession for first time in 11 years

Image copyright TOLGA AKMEN The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession. The economy shrank 20.4% compared with the first three months of the year. Household spending plunged as shops were ordered to close, while factory and construction output also fell. This pushed the UK… Read more →

Missing Cryptoqueen: Why did the FCA drop its warning about the OneCoin scam?

Image caption Dr Ruja Ignatova has been charged with wire fraud, security fraud and money laundering, by the US authorities In June 2016, Dr Ruja Ignatova told an audience of thousands at Wembley Arena that her new cryptocurrency, OneCoin, was a “Bitcoin killer” and would make early investors rich. Many in the crowd had already poured in their life savings.… Read more →

Hong Kong remarks by O’Neill and Foster ‘need clarified’

Image copyright Reuters Image caption There have been demonstrations in Hong Kong over the new security law, some of which have turned violent There have been calls for the Executive Office to clarify reported comments about Hong Kong’s new security law. The first and deputy first ministers allegedly said they “understand and respect” the legislation, imposed by China in June.… Read more →

McValues: New approach to boardroom sackings?

Image copyright Getty Images Steve Easterbrook, the British former chief executive of McDonald’s, is being sued by the fast food company. The chain is suing to recover his pay-off, reportedly worth $40m (£35m) after new allegations of sexual misconduct have led the company to believe he withheld information that could have prevented him collecting it. But this is not really… Read more →