Ted Baker. Admitted today that it had overstated the value of the stock on its book by £20 million to £25 million, but stressed any adjustment to inventory value will have no cash impact and will relate to previous years. Their shares plunged 10 per cent before recovering , down 8p at 390p. The company…
Hanfzhou, China’s tech city, where Club Factory, five-year-old business with 400 engineers and operators have built India’s fastest growing ecommerce start-up, a fashion and lifestyle market place that is gaining market share by undercutting domestic rivals on price. Club Factory a platform that began life in China in 2015, as a data analytics and drop…
Lewis Hamilton led away from pole position and cruised off to win the Abu Dhabi Grand Prix to end the season in which he won a sixth world drivers’ title. Red Bull’s Max Verstappen took the second after Charles Leclerc’s Ferrari slipped backwards who had to content with third position. Leclerc held off an…
A regulation announced in September 2019, was due to come into effect on Sunday when all people in China are required to have their faces scanned when registering new mobile phone services, as the authorities seek to verify the identities of hundreds of millions of internet users. China has for years been trying to…