ASOS Profit Falls 14% After Disruptive Fire

The video covers several business news stories. ASOS, a major UK online fashion retailer, reports a 14% decline in annual profit due to increased logistics costs following a warehouse fire. Reckitt Benckiser anticipates lower-end growth for the year, with plans to spin off its pharmaceutical unit. Meanwhile, AbbVie and Shire have terminated their $52 billion merger deal, with AbbVie announcing a $5 billion share buyback and a 17% dividend increase.

What was the primary reason for the decline in annual profit for the UK's biggest online-only fashion retailer?

• Increased competition

• Higher logistics costs after a warehouse fire

• Decreased consumer demand

• Rising material costs

By how much did the shares of the online fashion retailer fall this year?

• 1/2 of their value

• 3/4 of their value

• 1/3 of their value

• 2/3 of their value

What is Reckitt Benckiser's growth forecast for the full year?

• At the higher end of their range

• Below the lower end of their range

• At the lower end of their range

• Exceeding expectations

What major decision did Reckitt Benckiser confirm in July?

• Entering a new market

• Acquiring a new company

• Spinning off its pharmaceutical unit

• Launching a new product line

What financial action did AbbVie announce after terminating the deal with Shire?

• A $10 billion share buyback

• A 10% increase in quarterly dividend

• A $5 billion share buyback

• A merger with another company