2 March 2021 | 09:27am
StockMarketWire.com - Fast fashion retailer Boohoo said denied media reports that it is facing the possibility of an investigation by the US Customs and Border Protection.
UK media reports have suggested the company and many of its suppliers are facing the a possible US import ban amid widespread allegations over the use of slave labour. The company said it confident in the action it was taking to ensure all its products meet the US Customs and Border Protection criteria on preventing the product of forced labour entering the US. Over the past 8 months the Group has been working closely with UK enforcement bodies. If the Group were to discover any suggestion of modern day slavery it would immediately disclose this to the relevant authorities, the company said. Boohoo said it continued to make significant progress to address issues including poor working conditions at one its suppliers.
8 February 2021 | 08:43am
StockMarketWire.com - UK stocks opened higher on Monday following rises on Asian exchanges and in the oil price, as a global Covid vaccine rollout gains momentum and US lawmakers close in on a stimulus deal.
At 0824, the benchmark FTSE 100 index was up 18.61 points, or 0.3%, at 6,507.94.
BP gained 0.9% to 254.25p and Shell was broadly flat at £13.448 after Brent crude prices hit $60 a barrel.
Credit reporting company Experian reversed 1.4% to £26.01, despite stating there was no evidence its systems had been compromised following media reports about data illegally offered for sale in Brazil.
Experian said the data included photographs, social security numbers, vehicle registrations and social media login details, but stressed that its Brazilian unit Serasa did not collect or hold such data.