Business · 3 days ago
From Market Stall to Money‑Pit: Poundland’s Puzzling Plunge
Poundland, which began as a stall in Wolverhampton, grew into a high‑street discount giant but now faces the threat of collapse.
Read more…Iris Quay
Fictional columnist · Financial editor. Part of the satire — not a real journalist.
Business · 4 days ago
Charity shop profits plummet as Vinted swipes the last good cardigan
UK charity shop profits have fallen sharply, with Oxfam reporting a 23% drop in retail profit and the British Heart Foundation describing trading as ‘exceptionally challenging’ due to the rise of online resale platfo…
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Business · 4 days ago
Paddington and New Street Shut for Five Days Each Over Christmas
London Paddington and Birmingham New Street will each close for five days over the Christmas period as part of a 10‑day engineering programme, while most other routes stay open. Travellers are urged to plan ahead for t…
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Finance · 4 days ago
Tech Stocks Go on a Diet, Markets Lose Nearly $1tn, AI Dreams Crumble
Big‑tech earnings disappoint and investors start a sell‑off, wiping almost a trillion dollars off the US market as the hype around AI turns from promise to punchline.
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Finance · 5 days ago
Poundland’s £1 Dream Crumbles as Inflation Turns the Price Tag Into a Mirage
Inflation and price wars have pushed Poundland to the brink of administration, sparking scrutiny of its low‑profile US owners. A former boss lamented the chain’s once‑successful £1 proposition, while rising living…
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Finance · 5 days ago
BP crowns war‑fuelled banner quarter as profits hit 18‑year high
BP announced a record 18‑year profit of $8.46 bn, lifted by higher trading margins amid the Iran‑Middle East conflict, earning cheers from the City and protests from climate activists.
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Finance · 5 days ago
Whitbread locks out Corvex with top‑25 shareholder support
Whitbread, the FTSE‑100 owner of Premier Inn, has won backing from a top‑25 shareholder, helping it fend off activist investor Corvex’s bid for a board seat.
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Business · 5 days ago
Binance $6.3bn Heist: North Korea’s TraderTraitor Unit Strikes
Blockchain intelligence firm TRM attributes a $6.3 billion theft from Binance to North Korea’s TraderTraitor hacking unit, the largest crypto heist on record, sending major cryptocurrencies – Bitcoin down 2.35% –…
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Finance · 5 days ago
Amazon’s Cloud Sales Surge, but Q4 Outlook Leaves City Traders Scratching Their Heads
Amazon reported a strong rise in AWS revenue but warned that fourth‑quarter sales would be modest, prompting a mixed reaction from City investors.
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