After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Poundland owner ‘not acting in best interests’ of workers, says No10 November 3, 2026 Poundland owner Gordon Brothers is “not acting in the best interests” of the discount retailer’s staff and stores as it hurtles towards collapse, Downing Street has said. The Boston-based investment firm, which has faced intense criticism over its attempted sale of Poundland, must explain why it has rejected solvent offers to rescue the troubled retailer [...]
Hugo Boss outlook worsens after Mike Ashley’s Frasers takes control November 3, 2026 Hugo Boss has cut its outlook for sales and profit in the face of weakening consumer demand, just days after Mike Ashley’s Frasers Group took control of the German fashion house. The luxury retailer had been expecting its performance to take a hit from its turnaround plan but told shareholders this has been worsened by [...]
Primark sales slip ahead of ABF exit in ‘challenging’ backdrop November 3, 2026 Primark has seen its sales slip as its owner, Associated British Foods, races to shape up the fast-fashion retailer ahead of its exit from the group next year. Like-for-like sales at the retailer slipped by 2.6 per cent in the year to September, dragged down by “weak” consumer confidence and less advanced turnaround efforts in [...]
Can Marks & Spencer’s TikTok star help it ‘dump the frump’? November 2, 2026 Marks & Spencer will face shareholders on Wednesday, with hopes of presenting a lift from its breakout social media star, Kathryn Turner, writes Felix Armstrong. Ditch the fake blood and vampire fangs: Britain’s viral Halloween costume this year featured a white shirt, a blue sweater vest and a blonde wig. Kathryn Turner, Marks & Spencer’s [...]
Just one country remains in Tesco’s decades-long global retreat November 2, 2026 Tesco’s sale of its Czech and Slovak businesses is the latest step in its long retreat from a once-sprawling global presence. Felix Armstrong traces this journey Tesco’s hold on the British grocery market is unmatched. Holding a towering 27.8 per cent market share across more than 3,600 shops, the supermarket chain is a fixture on [...]
Poundland on brink of collapse as it files notice to appoint administrators October 29, 2026 Poundland is teetering on the edge of collapse after its directors filed a notice of intent to appoint administrators, in a move that puts the future of its thousands of workers in doubt. The company made the filing to the High Court on Thursday, suggesting that AlixPartners, its administrators, could be formally called in to [...]
Jobs on the line as Poundland poised to appoint administrators October 28, 2026 Poundland’s directors are poised to appoint administrators as the beleaguered discount retailer staggers towards collapse. The company is preparing to make a filing to the High Court, which could come as soon as Wednesday evening, which would fire the starting gun on its race to find buyers for its assets and new homes for its [...]
Healey funds high street tax cuts with raid on gambling firms and online sellers October 28, 2026 The government will fund tax breaks for small high street shops by hiking taxes on gambling and cracking down on online sellers, John Healey said. In his first Budget, the Chancellor said he will slash taxes on the high street by raising the threshold at which small firms start paying business rates from £12,000 to [...]
Poundland owners push retailer towards insolvency October 27, 2026 Poundland’s owners are resisting a takeover bid from an Irish property firm and instead pushing the discount retailer close to collapse. The leading bidder to take over the struggling discount retailer, Martin Property Group (MPG), has failed to win the favour of Poundland’s owners because it has not offered to pay for a loan up [...]
Healey warned ‘the dam is breaking’ on shop price inflation October 27, 2026 The Chancellor has been warned that the “dam is starting to break” on surging shop price inflation, which retailers had kept at bay with heavy discounting. Shop prices rose by 2.1 per cent in the year to October, according to new data from the British Retail Consortium, ahead of September’s 1.4 per cent and the [...]