Burberry shares sink as it warns of ‘continued coronavirus impact’ July 15, 2020 Burberry shares sank more than seven per cent this morning as sales slumped 45 per cent during lockdown and the group warned that it will “take time” to recover from the severe impact of coronavirus. The British fashion staple said it sees no immediate end in sight to dented sales, as the pandemic continues to [...]
Asos sales soar during lockdown as fashion firm looks set to smash forecasts July 15, 2020 Asos has said it expects to smash growth forecasts for the year after group sales hiked 10 per cent during lockdown as customers around the world were forced to shop online. The British retailer said costs cuts and “rigorous” business management helped offset the slump in demand for outerwear and party gear, as customers stayed [...]
Johnny Depp v The Sun: Everything you need to know July 14, 2020 The High Court today heard evidence from Johnny Depp’s former bodyguards and employees, as the Hollywood actor’s libel case against the Sun entered its sixth day. The three-week trial, which was postponed due to coronavirus, is set to wrap up on 27 July after hearing evidence from Depp, his ex-wife Amber Heard, and a host [...]
Rival firms prepare to scoop up Huawei market share after government ban July 14, 2020 Rival telecoms firms welcomed the government’s announcement today that the UK will ban new Huawei products from its 5G infrastructure from next year, in a move that could signal a “gold rush” as alternative vendors scramble to scoop up Huawei’s market share in the UK. Speaking in the House of Commons today, culture secretary Oliver [...]
V&A, Science Museum and Natural History Museum to open next month July 14, 2020 London’s V&A, Science Museum and Natural History Museum are set to reopen their doors in August with new social distancing measures after almost five months of closure during the pandemic. The three South Kensington galleries are set to stagger their opening days and introduce mandatory online booking in a bid to reduce pressure on public [...]
ITV to show repeats over summer as coronavirus rips up filming schedule July 14, 2020 ITV’s chief executive today warned that it is “inevitable” that the public service broadcaster will mostly show repeats over the summer, as the coronavirus pandemic has forced it to axe filming schedules for blockbuster shows such as Love Island and the 2020 Euros. Speaking on a virtual committee meeting hosted by the Department for Digital, [...]
Boohoo shares continue downward spiral amid sales slump warnings July 14, 2020 Boohoo shares continued to slump this morning after more than three days of losses, following allegations of poor working conditions in the fast fashion firm’s garment factories that have weighed on analysts’ sales forecasts. Shares slumped 17.7 per cent to 230p yesterday, after hovering around the 410p mark for the majority of June. Investors continued [...]
Third of UK audits fail accounting watchdog’s quality tests July 14, 2020 Britain’s accounting watchdog today said that a third of audits by the UK’s seven main accounting firms failed quality tests this year, amping up pressure for widescale reform in the sector. The Financial Reporting Council (FRC) said 29 of 88 audits carried out by Deloitte, PWC, EY, KPMG, BDO, Grant Thornton and Mazars this year [...]
Face coverings to be made compulsory in shops in England July 14, 2020 Face coverings are to be made compulsory in all shops in England from 24 July, with a fine of up to £100 for those who do not comply, the government is expected to announce today. Since May, the public have been advised to wear face coverings in enclosed meeting spaces, but they have only been [...]
Johnny Depp’s former PA called Amber Heard the ‘abuser’ in their relationship July 13, 2020 Johnny Depp’s former personal assistant branded Amber Heard a “sociopathic show pony” and a “Machiavellian overlord” who was the real abuser in the pair’s relationship, as the Pirates of the Caribbean actor’s libel suit against the Sun newspaper entered its second week today. Stephen Deuters told London’s High Court that Heard subjected the Hollywood star [...]
