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Asos Plc rose the most in six months after U.S. and European sales beat estimates and Chief Executive Officer Nick Robertson said the online clothing retailer would keep boosting the share of revenue from outside the U.K.

“Asos is increasingly a global business and in internet terms the U.K. represents just 3 percent of global internet traffic,” Robertson said today in a Bloomberg television interview. “We have to continue to look externally, outside of the U.K., for where all that growth opportunity lies.”

Revenue from Britain may amount to “a little less than 10 percent” of the total within a few years, Robertson said in the interview, down from 35 percent in the first quarter. Asos has cut the proportion of U.K. sales in half since fiscal-year 2010, when 72 percent of revenue was domestic.

Continue reading “Bloomberg Exclusive: Asos Shares Rise on Promise to Build Revenue outside Britain”

The bishop of London, Richard Chartres, doesn’t think there is a clash between Christianity and equality. In fact, he sees Christianity as the original champion of equality.

“Equality in the ancient world was equality between adult, male, free-born citizens,” he says. “From the very beginning, the Christian Ecclesia admitted slaves, women and children.”

Nowadays, the story seems quite different, at least to the outside observer, with debates surrounding female bishops and same-sex marriage raging.

Continue reading “The Guardian: ‘Equality’ divides Christianity”

Hundreds of pasty makers turned out in force and braved torrential downpours today to deliver a petition from half a million people opposing the controversial “pasty tax”.

Donned out in chefs’ hats and white T-shirts emblazoned with “SOS – save our savouries”, around 500 supporters massed outside Downing Street to rally opposition against Chancellor George Osborne’s bid to make hot takeaway snacks subject to 20% VAT.

Mike Holling of the National Association of Master Bakers said the implementation of VAT would cause job losses.

He said: “I’m told by my colleagues in the West Country they envisage job losses – one of the things I want to know is from the HMRC or Treasury … what they envisage. There is a strong suggestion people will lose their jobs and we can ill-afford that at the moment.”

Continue reading “Press Association: Politics Pasty”

HEINEKEN shares touched a four-year high yesterday after quarterly results showed a surge in sales.

The maker of Amstel, Foster’s and Strongbow reported a 4.7 per cent rise in volume sales on a like-for-like basis, more than double the growth that had been expected. Sales rose particularly sharply in Africa and the Middle East.

Revenues were also up 6.8 per cent as the Dutch company’s premium brands did well.

Continue reading “City AM: Strong demand in Africa and Middle East boosts Heineken”

SAMSUNG Electronics said yesterday it would unveil the third generation of its flagship smartphone Galaxy S in London on 3 May, banking on a heavy marketing campaign in the lead up to this summer’s Olympics.

Samsung became the world’s top smartphone maker last year on the back of strong sales of its Galaxy lineup. More than 40m Galaxy smartphones have been sold since the first model was launched in June 2010. The Galaxy S II followed in April 2011, outselling the iPhone 4S in the second half of the year.

Continue reading “City AM: Samsung announces launch of new Galaxy smartphone model”

A man was taken to hospital with head injuries after he was hit by a lorry in Richmond town centre.

The pedestrian, believed to be a builder working nearby, was treated by medics at the scene of the accident, on the junction between Eton Street and High Street.

An air ambulance landed in Richmond Green and took him to hospital at about 10.40am on Monday, December 12.

Continue reading “The R&T Times: Man struck by lorry in high street drama”