Wall Street slumped more than 2 percent on Tuesday, pushing all three major indexes into the red for the year, after weak data from China escalated fears that the slowdown in the world's second-largest economy will constrain global growth.
Nick Robertson, the founder and chief executive of Asos, is to step down 15 years after launching the online fashion retailer. Mr Robertson originally started the company in 2000 as As Seen On Screen.
US factory activity hit a two-year low in August as manufacturers struggled with a strong dollar, weak global demand and the lingering effects of deep spending cuts in the energy sector.
There is one thing that Poundland customers will not find for �1 and that is the charge for delivering items bought online, which the UK retail group has set at �4.
Hatton Garden Safe Deposit, which had up to �200m of jewellery stolen in April, has gone into liquidation. Stella Davis at law firm SPW confirmed the company is insolvent as it "owes money to companies and people".