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The scandal-hit parent company of high street discount chain Poundland will this week face key creditors and insurers at a meeting that could determine the future of its British retail operations. Poundland is already under intense pressure after Atradius - one of the credit insurers on which suppliers rely to ensure they get paid - reduced its cover for the group. Reliable industry sources say another credit insurer, Euler Hermes, is also considering cutting cover.
In the Sunday Times’ 'Inside the City' column this week, Ben Laurence was focussing on carpet retailer Carpetright, which delivered “lacklustre” interim results last week.
