Thursday, 09 Jul 2020 07:55 AM MYT
LONDON, July 9 ― Two-thirds of analysts covering fashion retailer Boohoo retained a “buy” recommendation on the company's stock despite a 45 per cent drop in less than a week following allegations of dire conditions at its supplier factories. reported that workers in a factory in Leicester, central England, who were making clothes destined for Boohoo, were paid as little as £3.50 an hour.
Boohoo scores well below most peers on ESG measures compiled by Refinitiv data, with a score of 35 out of 100 while rivals Asos and Next scored 57 and 70 respectively.The fallout fromarticle is a huge setback for Boohoo's shares, which soared five-fold until last month from its market debut in 2014. It had been one of the biggest success stories on the UK-focused Alternative Investment Market where young, innovative companies often debut.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia opens criminal case against activist for failing to declare dual nationality | Malay MailMOSCOW, July 7 — Russian investigators today opened a criminal case against Pyotr Verzilov, an anti-Kremlin activist and associate of the Pussy Riot punk group, for having allegedly failed to declare his dual Canadian citizenship. The announcement came as Verzilov, publisher of the private...
Source: malaymail - 🏆 1. / 86 Read more »
UK’s Sunak announces bonuses to get workers back into jobs | Malay MailLONDON, July 8 — Britain’s government will seek to head off an unemployment crisis by paying bonuses to employers to bring workers back to their jobs from the state’s coronavirus emergency furlough scheme, finance minister Rishi Sunak said today. Under the plan — part of a broader programme...
Source: malaymail - 🏆 1. / 86 Read more »
DHL to cut 2,200 UK workers at Jaguar Land Rover factories, says union | Malay MailLONDON, July 8 ― German logistics company DHL plans to cut as many as 2,200 jobs of UK-based workers at Jaguar Land Rover factories, the Unite trade union said yesterday. The job cuts comprise just under 40 per cent of the entire DHL workforce on the contract, the union said. DHL indicated that...
Source: malaymail - 🏆 1. / 86 Read more »
Punish bosses to cull illegal foreign workers | Malay MailJULY 9 — When immigration and police do their annual roundup at any Kuala Lumpur entertainment stretch, the illegals make a dash for it. It’s helter-skelter as many flee and those caught are pressed up into transport vehicles. They plead and cry. No one wants to end up in our detention...
Source: malaymail - 🏆 1. / 86 Read more »
Review finds Facebook made ‘vexing, heartbreaking’ moves on civil rights | Malay MailSAN FRANCISCO, July 8 — An independent civil rights audit of Facebook released today expressed worry about “heartbreaking and vexing” decisions at the leading social network, despite progress being made. Auditors pointed out unchecked posts by US President Donald Trump that could discourage...
Source: malaymail - 🏆 1. / 86 Read more »
Sources: Italy court backs Serie A in broadcast rights row with SKY | Malay MailMILAN, July 7 — An Italian court has backed a petition filed by Italy’s topflight football league Serie A in a legal row with its broadcast rights holder SKY over the non-payment of an instalment during the Covid-19 pandemic, two sources said today. Serie A restarted in June after a three-month...
Source: malaymail - 🏆 1. / 86 Read more »