ASOS chief executive Nick Beighton steps down with immediate effect October 11, 2021 ASOS chief executive Nick Beighton is stepping down with immediate effect, the company just confirmed. “A search for his successor will begin shortly,” ASOS said in a statement. In the meantime, Mat Dunn, currently Chief Financial Officer, will become COO of ASOS and lead the business on a day-to-day basis with effect from today. Katy Mecklenburgh, currently [...]
‘Hands off our EU’ say thousands of Poles as country-wide protests erupt October 11, 2021 More than 100,000 people took to the streets as pro-EU demonstrations broke out across Poland amid fears of a “Polexit.” Last week Poland’s highest court ruled that certain decisions by the EU’s Court of Justice have no jurisdiction in the country, sparking outrage from the bloc’s highest authorities and prompting concerns of a schism. On [...]
Brexit negotiations move to social media as UK and Ireland trade barbs on Twitter October 11, 2021 The UK and Ireland took to Twitter last night to trade barbs as Brexit minister David Frost repeated his view that the EU should propose “significant change” to the Northern Ireland protocol. Ireland’s foreign minister Simon Coveney wrote: “Real Q: Does UKG (UK Government) actually want an agreed way forward or a further breakdown in [...]
ASOS revenue jumps 20 per cent to £3.9bn October 11, 2021 Online fashion giant ASOS has revealed strong financial results for the year ending August 2021 and announced plans to up revenue to £7bn. Gross profit soared by 15 per cent to stand at £1.8bn as successive Covid lockdowns provided a boost to online shopping with the company’s customer base growing by 13 per cent to [...]
Two years on the EU and the UK need to find a way to work together on finance October 11, 2021 It has been almost two years since the UK left the European Union. In that time, political relations across the Channel have been turbulent, to put it mildly. As with any divorce, we have all been taking time to adjust to the new relationship. Over this period it has also become clearer than ever that [...]
Letters: No sympathy for Boris or business October 11, 2021 [Re: Business leaders bash Boris, 7th October] I write further to your newspaper’s article regarding the criticism of the Prime Minister’s alleged “economic illiteracy” by various business people, including the Federation of Small Businesses. I suspect that Boris Johnson’s critics will attract little sympathy from the general public This is especially true given that [...]
Oxford-AstraZeneca vaccine creator to make keynote speech at UK’s Global Investment Summit October 11, 2021 The UK’s pharmaceutical industry is set to take top billing at the UK’s Global Investment Summit next week, with GlaxoSmithKline’s chief executive and one of the creator’s of the Oxford-AstraZeneca vaccine to deliver keynote speeches. GSK chief Dame Emma Walmsley and Oxford University vaccinologist Sarah Gilbert will be alongside World Trade Organisation (WTO) director-general Dr [...]
UK business output falls to lowest level since lockdown October 10, 2021 Business output has shrunk to its lowest level of growth since the reopening of the economy as staff shortages and supply chain disruptions battered productivity last month. The closely-watched BDO Output Index suggests a slowdown across both manufacturing and services, falling more than five index points month-on-month to 100.69, effectively indicating average trend growth just [...]
Brexit: UK set to renew EU hostilities with call for courts overhaul in Northern Ireland Protocol October 10, 2021 The UK is set to reignite hostilities with the EU over the Northern Ireland Protocol, with Boris Johnson’s Brexit minister to call for an overhaul of how the treaty is legally overseen. Lord David Frost will say removing the European Union of Justice’s (CJEU) jurisdiction over the post-Brexit protocol will be a new “red line” [...]
Tory manifesto pledge to build 300,000 new homes a year ‘almost impossible’, say analysts October 10, 2021 Boris Johnson’s pledge at the last election to build 300,000 new home a year by the middle of this decade is now “almost impossible” due to labour and material shortages, according to industry groups. The Conservative party’s election winning 2019 manifesto included a promise to build “300,000 homes a year by the mid-2020s” and that [...]