Shares in Steinhoff International, the South African-based owner of Poundland, plummeted by nearly 63% and the organisation is probing “accounting irregularities”.
Acting swiftly after the news broke that Palmer & Harvey Wholesalers had gone into administration, the Co-op struck a wholesale arrangement to provide for 2,500 Costcutter stores.
According to the National Institute of Economic and Social Research, over the last few months UK economic growth has quickened and it is expected that the UK economy will finish the year stronger than expected.
According to a prediction from the European Commission, the Eurozone will outstrip the UK when it leaves the EU in 2019 and will have the lowest growth of any country in the bloc.
According to a study carried out by Rabobank, a Dutch banking and financial services, has found that leaving the Single Market with no deal will cost the UK economy £400bn by 2030.
Following her disastrous conference speech last week, Theresa May appears to be on thin ice, facing calls from numerous Tory MPs and peers for her to resign amid fears she isn’t the right person for the job.
New figures released by the Office for National Statistics has showed that the UK’s inflation rate is as high as it has been in five years, with the August rate rising to 2.9%.
UK inflation in May jumped to 2.9%, the fastest incline in UK prices in nearly four years, according to new data from the Office for National Statistics.
