Henry Saker-Clark

The retail giant behind Sports Direct and House of Fraser currently owns around 26 per cent of Hugo Boss

Hugo Boss executives have urged investors to reject a takeover offer from Mike Ashley's Frasers Group, branding the bid "inadequate".

The deal saw nearly 150 countries agree to a 15% global minimum tax to stop large global companies shifting profits to jurisdictions with lower taxes – but the US will be exempt

Britain is poised to lose approximately £600 million in tax revenue each year following a deal that grants the United States an exemption from a global tax commitment, according to figures released by HMRC.

The UK is set to miss out on around £600 million in tax each year following a deal allowing the US to be exempt from a global tax commitment, according to HMRC figures.

Britain is poised to lose approximately £600 million in tax revenue each year due to a deal granting the United States an exemption from a global minimum tax commitment.

How a US exemption will see UK miss out on £600m in tax revenue every year

The London-based firm indicated that cost controls helped to offset another quarter of weakness in the wider recruitment sector.

The UK is to regulate the biggest cloud service providers, including Microsoft and Google, in a move designed to protect the country's financial system.

On Thursday July 16, the group will unveil its latest half-year results as it seeks to maintain recent growth.