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Why Poundland is struggling during a cost-of-living-crisis
Emma SimpsonBusiness correspondent BBC The residents of Peckham in south London have just lost their Poundland store, which closed this week after 11 years of trading. “Everyone comes in here, it’s very cheap. I buy stuff for my kids, snacks, toiletries,” says passing shopper Becky Cullen, staring at the empty shop. “It was always busy……
Global dealmaking hits $4.5tn in second-best year on record
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global dealmaking topped $4tn this year for the first time since the boom of 2021, as a record number of megadeals lifted investment banking fees to their second-highest level ever. A total of 68 deals…
Who owns TikTok now and how could it change for US users?
Liv McMahonTechnology reporter Getty Images TikTok has announced a deal allowing it to continue operating in the US. But with the platform’s future in the country seemingly secured, its 200 million American users are expected to see some changes. What is the US TikTok deal? A majority-American board now owns and operates a separate entity…
