Latest posts

55203540 - poundworld shop, chelmsford, essex, england

Poundworld founder claims rescue deal being put at risk by administrator

The founder of Poundworld has said that the discount retailer’s administrator is putting a rescue plan at risk by dragging its feet over striking a deal. Deloitte was appointed as the administrator of Poundworld in June after talks with a buyer failed. Chris Edwards says he made an offer four weeks ago, but has only […]

28159410 - businessman commuting to work on train and using laptop

Rail operator could lose its franchise over continued service chaos

Rail operator Govia Thameslink faces being stripped of its franchises unless performance on its services in the South East of England rapidly improves, the BBC understands. A source said the government could begin the process within weeks. Passengers on its Thameslink and Great Northern trains have endured more than a month of disruption following the introduction of […]

61386072 - minature houses resting on pound coin stacks concept for property ladder, mortgage and real estate investment

One in four estate agents in financial distress at market cools

More than 7,000 UK High Street estate agents are showing signs of financial distress as they face fewer sales and online competition, a study has found. The report – from accountancy firm Moore Stephens – suggests that some 27% of agents are struggling to survive. One of the main reasons is a long-term decline in […]

9884933 - facade of bank of england

Chancellor facing new pressure over lack of women working at the Bank of England

The Chancellor is facing fresh pressure over the lack of women in senior roles at the Bank of England. Nicky Morgan MP, who chairs the Treasury Select Committee, has expressed her “disappointment” to Treasury head Sir Tom Scholar. In a letter, she said she was “increasingly concerned” after two men were appointed to senior roles. […]