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Poundland in rescue talks as owners seek buyer
Posted onRetail chain Poundland is in talks with potential buyers as it seeks a rescue deal, it has confirmed. Executives are working with an Irish property development group on a management buyout, as first reported by Sky News, external. But a union representing shopworkers warned that the retailer could fall into administration if that deal falls…
Spotify founder Daniel Ek to step down as chief executive
Posted onGetty Images Spotify founder Daniel Ek is planning to officially step down from the role of chief executive after two decades at the helm of the music streaming giant. The company said the 42-year-old would be replaced by his two deputies at the end of the year, while he remains on as executive chairman, setting…
Car finance payouts limited, but lenders aren’t off the hook
Posted onThere may well be a few sighs of relief from senior finance company and banking executives following the Supreme Court’s ruling, but it is unlikely you will hear the champagne corks popping. The verdict does almost certainly reduce the potential compensation bill significantly. Lenders no longer face the prospect of having to pay £30bn to…
Jaguar Land Rover posts heavy loss after cyber-attack
Posted onJaguar Land Rover has reported a heavy loss for the three months to the end of September, a period during which it was badly affected by the impact of a serious cyber-attack. The carmaker posted a £485m loss – before tax and exceptional items – compared with a profit of £398m for the same period…
Trump made more than $1bn from crypto in first year back in office
Posted onUS President Donald Trump made more than $1bn (£750m) last year from business dealings in cryptocurrency, according to his mandatory financial report for 2025. In a 927-page disclosure, he reported $635m in royalties from a Trump meme coin that has plunged in value since he launched it days before taking office. He also reported over…
