British online fashion retailer Asos delivers sales warning             

Shares in Asos, which sells fast-fashion aimed at teens and 20-year-olds, plunged 14% on the news, after already falling more than 40% this year. File picture

Asos, the British online fashion retailer, has warned that logistics costs and supply chain disruptions could reduce 2022 profit by more than 40% and said its chief executive Nick Beighton was stepping down with immediate effect.

Shares in Asos, which sells fast-fashion aimed at teens and 20-year-olds, plunged 14% on the news, after already falling more than 40% this year.