Burnham ‘ready to support’ Poundland staff as retailer faces collapse
Prime Minister Andy Burnham says the government is ready to support Poundland staff as the discount retailer faces potential collapse after its US owner rejected a takeover offer.
Thousands of jobs at Virgin Media O2 to be cut
Virgin Media O2 plans to cut thousands of jobs from its 16,000-person workforce as the telecoms firm battles debt totaling £27.2 billion and intensifying market competition.
National Grid to site biggest substation in UK near planned Teesside datacentre
National Grid has agreed to purchase land on Teesside to build Britain’s largest electricity substation, designed to power a neighboring artificial intelligence datacentre as the UK expands its AI infrastructure.
Europe’s car makers are in crisis. Will the threat of war rescue them?
European car manufacturers facing decline from competition and industry challenges are increasingly pursuing defense contracts, with Ford, Renault, and Volkswagen among those pivoting military production to utilize unused capacity.
Why China is desperate to ship cars outside of the country
China’s domestic car sales have plummeted 21.7% through September 2026, prompting manufacturers to seek overseas markets as domestic demand weakens amid economic uncertainty and reduced government incentives.
How Poundland grew from Wolverhampton market to retail giant
Poundland, the budget retailer founded in 1990, faces administration after US owner Gordon Brothers withdrew funding and rejected a takeover bid, putting thousands of jobs at risk.