Wilko Sale Deadline Looms Amid Admin Woes
Wilko, the iconic homewares chain dating back to 1930, is fighting for survival. The company plunged into administration, putting over 400 stores and 12,500 jobs at risk. Now, potential buyers have until Wednesday to put forward their bids, as PwC pushes for serious offers to save the brand.
Wilko’s CEO, Mark Jackson, insists they remain “committed to restoring the business and preserving its legacy.” Despite efforts, financial troubles proved too much. Shops are still open, and staff continue to get paid in full. But bargain-hunters will spot signs of an administration sale, with price cuts already appearing.
Russian Rouble Hits 16-Month Low
The Russian rouble has tumbled to its weakest in 16 months, slipping below 100 to the US dollar for the first time in ages. Hit by soaring imports, sagging exports, and relentless military costs tied to the Ukraine war, the currency’s downfall shows no sign of easing.
Western sanctions since Russia’s 2022 Ukraine invasion have hammered the rouble. Despite Russia’s attempts to stabilise with capital controls and oil exports, the rouble has lost around 25% against the dollar since the war began. The current rate, near 101 roubles per dollar, signals trouble ahead.
B&Q Faces Backlash Over Offensive Book Listing
DIY giant B&Q is in hot water after a shocking product photo showed books titled “White Supremacy” behind a wooden radiator cover on its website. The items were uploaded by a third-party seller who’s now been suspended.
Social media erupted in outrage, demanding answers and action. B&Q quickly pulled the listing and issued an apology, promising to crack down on offensive content and prevent a repeat.
