What to watch: Boohoo slumps on factory exposé, Cinema chains sue each other, and Sunak boosts stocks

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Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad:

Shares in fast fashion retailer Boohoo (BOO.L) slumped as much as 12% in early trade after two reports over the weekend highlighted alleged poor conditions at factories it uses as suppliers.

On Saturday, the Guardian ran a report suggesting Boohoo may have relied on factories in Leicester that did not close during lockdown, which could have contributed to the current COVID-19 outbreak in the city.

The Sunday Times followed with an undercover exposé alleging workers were paid as little as £3.50 ($4.37) an hour in factories supplying Boohoo, far below the minimum wage of £8.72 an hour.

Read more: https://sports.yahoo.com/markets-stocks