Tuesday 12 June 2018

Poundworld's founder could return to save the seemingly doomed bargain chain. Christopher Edwards, who sold the business in 2015, said he is considering buying back some of its stores after it fell into administration on Monday. He believes the company could be saved with fresh management. During a testing period for retail, Poundworld has struggled with weak consumer confidence, soaring overheads and the growth of online shopping.

Jaguar Land Rover will move production of its Discovery from the UK to Slovakia. In a move that could lead to job losses, Britain's biggest carmaker will transfer production early next year. Last month, the firm revealed that fourth-quarter pre-tax profit halved to £364m on revenues of £7.6bn as demand for diesel vehicles slumped. It pointed the finger of blame at uncertainty over Brexit and vehicle taxation.

Ryanair’s cabin crew are to be represented by a union for the first time after Unite signed an agreement with the airline. The deal will cover about 650 staff working from Ryanair’s UK bases, with the union representing them in any talks on pay, hours and holidays. Unite general secretary, Len McCluskey, said it was a "historic agreement and a significant step by Ryanair".