Poundland sold for less than £1

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK discount retailer Poundland has been sold for less than £1 to US private equity group Gordon Brothers, as its Warsaw-listed owner moves away from selling low-margin consumer goods. Pepco Group said it had sold…

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Winter fuel payment U-turn in numbers

Ben Chu Policy and analysis correspondent, BBC Verify Getty Images The government’s decision to largely reverse its cuts to winter fuel payments has raised questions about its spending and savings plans – and its fiscal rules. BBC Verify has been looking at the the key numbers. What has changed on winter fuel? At the time…

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Here are the companies making job cuts

Mathisworks | Digitalvision Vectors | Getty Images While the government cost-cutting initiative known as the Department of Government Efficiency, which resulted in thousands of federal job cuts, winds down, mass layoffs are still roiling corporate America. Companies are under increasing pressure to trim costs against the backdrop of global economic uncertainty brought on by President…

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