2 h. ago Poundland put up for sale after sales slump in 'challenging' conditions for high street

Owner Pepco said Budget tax hikes have put extra pressure on the ailing chain

Politics

2 h. ago Poundland news: sale of UK pound bargains firm explored as Pepco faces uncertainty

Britain’s biggest pound shop chain could be set for a shake-up 🤔

Economics

2 h. ago UK construction in biggest downturn since 2020; recruiters warn of tough business conditions – business live

Dollar slides after US president exempts carmakers from 25% tariffs on Canada and Mexico; euro and sterling reverse earlier gainsThe eurozone saw the biggest slump in construction in three months in February, according to a separate survey.There was a marked reduction in new orders while cost pressures eased, according to a monthly report from Hamburg Commercial Bank.Unpleasant signals come from the Eurozone construction sector as the HCOB eurozone construction PMI in February shows deepening weakness that does not seem likely to fade soon. The recession now encompasses all three major Eurozone economies: Germany, France, and Italy.Although the ECB, particularly executive board member Isabel Schnabel, has signalled a pause in the rate-cutting phase to await further dynamics, the construction sector makes it clear that a delay in rate cuts in interest-sensitive areas can be fatal.Sharply declining order books rippled through the UK construction sector in February, which led to accele...

Events

4 h. ago Pound rises above $1.29 as Trump fears hit dollar; Poundland chain up for sale – business live

Dollar slides after US president exempts carmakers from 25% tariffs on Canada and Mexico; euro and sterling hit four-month highsThe British Chambers of Commerce (BCC) is predicting “a long and challenging year for UK businesses”. It has become more gloomy about the growth outlook for the UK and said firms will struggle to invest as they deal with a raft of rising cost pressures.This is going to be a long and challenging year for UK businesses. The BCC’s forecast shows an economy struggling without the secure foundations to kickstart business investment.Inflation will continue to be stubborn this year forcing the Bank of England to keep interest rates relatively high. Global uncertainties will add further dark clouds to the economic climate. Continue reading...

Economics

5 h. ago Poundland up for possible sale as soaring wage costs add to trading woes

Pepco Group said it was considering ‘all strategic options’ to spin out the struggling 825-strong Poundland chain, including a sale.

Economics

5 h. ago Poundland put up sale after sales slump in "challenging" conditions for high street

Owner Pepco said Budget tax hikes have put extra pressure on the ailing chain

Politics