Wednesday newspaper round-up: Boohoo, DHL workers, Lansdowne Partners

Next, Asos and Amazon have decided to pull all Boohoo clothing from sale as growing anger over workers’ pay and conditions at the company’s suppliers resulted in £1.5bn being wiped from the fast fashion brand’s value in two days. Allegations that some factories in Leicester that sell clothes to Boohoo pay as little as £3.50 an hour and failed to protect workers from coronavirus emerged last week. On Tuesday, the three online retailers were joined by very.co.uk and Zalando, a European e-commerce giant that had €6.4bn sales in 2019, in removing Boohoo clothes from sale. – Guardian

Thousands more UK workers involved in making Jaguar Land Rover vehicles are set to lose their jobs, despite the embattled car industry returning to production after coronavirus shutdowns. Logistics giant DHL has notified unions that 2,200 workers, around 40% of those currently employed on its JLR contract, will be laid off. – Guardian

The number of jobseekers has surged at its fastest pace since 2009 as the coronavirus lockdown recession has hit jobs hard, recruiters have warned. Salaries for new starters are falling as more applicants chase fewer jobs, as employers across all industries cut back hiring, according to the Recruitment and Employment Confederation and KPMG. – Telegraph

Almost 70,000 small businesses hoping to secure emergency government credit have had their hopes dashed after a banking service said that it could not secure the necessary funds. Tide said that it had frozen lending under the Bounce Back Loan Scheme because third-party funders would not support the scheme. – The Times

Lansdowne Partners plans to close its main hedge fund in a move that will significantly scale back the firm’s short-selling activities. The group, one of the hedge fund industry’s biggest names, has told its investors that it will shut its $2.8 billion Developed Markets Fund after a prolonged period of underperformance. – The Times