Poundland owner extracted millions when chain was on ‘knife-edge’, MPs say

The management of Poundland, which employs 12,000 people and operates 600 stores in the UK and Ireland, will seek a two-week extension of legal protection from creditors from the high court on Thursday morning. The…

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Burnham raised safety concerns about Manchester ‘monster’ warehouse, inquiry hears

Concerns about the 18-metre-high "megashed" in the village of Astley , Greater Manchester, are being examined by Britain's office of the transport commissioner. A deputy transport commissioner, John Baker, launched an…

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Poundland set for crunch decision on survival after owner grilled by MPs

The retailer’s directors, Barry Williams and Shaun Wills, are set to hold an emergency board meeting on Wednesday night over whether to trigger an extension to a moratorium which is holding off its creditors from calling…

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Hire a lawyer, don’t ask AI: Taxpayers warned as HMRC set to snoop on chat logs

The tax authority currently has powers to request and obtain copies of digital “records” if it has a legitimate reason to do so to determine whether a taxpayer has paid the correct amount of tax. However, under the…

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ITV to cut show budgets as UK TV and film production spend drops by more than £2bn

The broadcaster plans to make £30m in "temporary" savings, including £25m in content and £5m elsewhere in the business. The announcement by ITV, which has agreed to sell its television and streaming business to Sky, came…

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Government supports Heathrow third runway, Healey says

“Successful airports are very often an engine for economic growth in the wider area – that’s true in Manchester, it’s true in London and elsewhere,” he said, adding: “I was responsible for the National Planning Act in…

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KKR and RWE are rich firms. Why do they need a UK state loan for their windfarms? | Nils Pratley

Together, they require almost £13bn of debt financing. But he can't claim they represent a fresh expression of confidence. The project has been on the runway since the German utility RWE, the developer, was awarded a…

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City law firm set to slash jobs following overhaul

City law firm Pinsent Masons is set to slash jobs in its alternative legal resourcing unit as it plans to overhaul the platform. The unit, Vario, was set up in 2013 and employs full-time staff and a network of…

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Heathrow boss defends ‘mindless’ terminal reshuffle

“We have been through three consultations over three years,” he told an aviation event. “We have checked and double checked the objectives of that with our airlines. So this is a community decision and we have a big…

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Cloud 9 at the National Theatre review: Caryl Churchill’s 1979 shocker has lost its punch

It’s a play of two halves, both in structure and setting. The first act takes place in Victorian colonial Africa, opening with the cast singing an imperial anthem before patriarch Clive (Sam Troughton) introduces his…

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