Charles Dunstone, the founder of Carphone Warehouse and TalkTalk, has become the UK's first digital billionaire, according to figures released today.

Online fashion retailer ASOS today said sales soared 59% in the Christmas quarter thanks to a record performance from its international arm.

UK online fashion retailer ASOS - As Seen On Screen - brushed aside the consumer fears plaguing high street rivals today as it reported a 44% rise in profits and predicted better growth this year.

IRISH shoppers have flocked to British online clothing retailer Asos to take advantage of weak sterling to buy discounted designer clothes.

Fashion-hungry youngsters were today hailed as the secret to success by UK retailer ASOS, which saw its sales more than double over the Christmas period.

Fashion e-tailer ASOS produced more stunning sales figures today as younger shoppers kept spending despite the slowdown gripping the rest of the high street.

Fashion e-tailer ASOS today said the continuing popularity of online shopping helped it buck gloomy high street trends, as it flagged up profits ahead of market hopes.

Karin Strohecker, Reuters

Online clothing firm ASOS today pinned its hopes on the buying power of youngsters to carry it through the gloom on the high street.

Internet retailer ASOS today said Sienna Miller’s “Boho Chic” look had helped drive a 70% hike in Christmas sales.

Online retailer ASOS moved into the black today as consumers displayed a growing appetite for celebrity fashion and internet shopping.