Jonathan Reynolds has written to Gordon Brothers, which bought retailer for £1 last summer, to ‘establish the facts’ The business secretary has written to the owner of Poundland amid fears that the cut-price retailer could collapse into administration, threatening to overshadow John Healey’s budget. Sources said that Gordon Brothers, the US investment firm that bought the 600-store Poundland chain for £1 last summer, looks set to appoint administrators to the struggling retailer. Continue reading...
Business secretary writes to Poundland owner as administration fears build
Source: The Guardian
Original reporting
The Guardian: read the full reportRelated stories
CNBC
Robinhood shares fall as crypto slump weighs on profits, offsetting gains in new businesses
Robinhood's third-quarter revenue met expectations, fueled by the company's expansion into options, predictions markets and other financial services.
CNBC
Wendy's shares jump 15% as Nelson Peltz's Trian offers $1.4 billion to buy burger chain
Wendy's has endured a tough two-year stretch as diners eat out less often.
CNBC
DraftKings CEO Jason Robins says parents should talk with kids about responsible gambling
DraftKings CEO Jason Robins said parents should talk with their children about responsible gambling, describing how he approaches the subject with his family.
The Guardian2 outlets
Budget 2026 live: Healey announces £100 energy payment for millions and rise in bank tax
Chancellor also announces tax relief for business founders, and funding to tackle rough sleeping and ‘new deal for datacentres’ Budget 2026: key points at a glance Martin Lewis said that, when he met John Healey this morning, the chancellor said that, having removed standing charges from gas bills, he would also like to get rid of them from electricity bills. Lewis said: The chancellor said he will be talking to Ofgem about how they get rid of the charge on electricity as well, but that is ‘trickier’ apparently and will take longer. Continue reading...
CNBC5 outlets
At least 64 people dead in high-speed Spain train crash
High-speed service travelling from Madrid to Seville runs into back of another, knocking two carriages off track Spain train crash – latest updates At least 64 people have been killed after two high-speed trains collided in Toledo province in central Spain, in the country’s second major train accident this year. The trains were travelling in the same direction on the line from the Spanish capital, Madrid, to Seville in the south-west of the country. One ran into the tail of the other that had stopped, knocking two of its cars off the track. Authorities said the cause of the crash was not yet known. Continue reading...
BBC Business
Your pay, energy bills and savings: How the Budget affects you
Changes announced by Chancellor John Healey in his first Budget will affect your finances directly. Here's how.