British online fashion retailer Asos said problems with warehouses in the US and Germany, which were behind a 68% slump in annual profit, were largely behind it, sending its shares sharply higher.

Online Fashion retailer Asos reported an 87% drop in first-half pretax profit, hurt by poor trading in the run-up to Christmas and logistical hiccups in the US market.

Online fashion retailer Asos said its new US warehouse struggled to cope with demand in its latest quarter, hitting sales there and adding to challenges in France and Germany.

Donal Hickey on a photographic exploration of Ireland’s high places.