Asos has said it is braced for a £14m hit because of its decision to stop selling clothes in Russia following the country's invasion of Ukraine.
The online fashion giant also confirmed it fell to a pre-tax loss for the six months to the end of February, spending heavily on an overhaul to win over more customers longer term.
In a statement issued to the London Stock Exchange, bosses said they saw a marked slowdown in sales during the period as the benefits from the Covid-19 pandemic eased with shoppers able to head back to high streets.
