Business Secretary Jonathan Reynolds contacted Poundland’s owner amid fears of imminent administration, a potential collapse that could overshadow the upcoming budget.
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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...
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Spain’s Transportation Minister attributed a deadly train crash to inexplicable, incorrect instructions from traffic control operators that sent a moving train toward a stopped one.
The deadly train crash near Toledo, Spain, killed at least 68 people, making it one of the country's most catastrophic rail disasters in history.
Netanyahu remains a viable leader despite losing votes because Israel’s deeply fragmented political landscape offers him multiple paths to retain power.