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The Latest Breaking News from Group

Poundland Sold for £1 Amid UK Retail Crisis—What Went Wrong With the Budget Giant?

Poundland has been sold for just £1 as financial woes deepen. Here's why the discount chain is struggling—and what it means for the UK high street.

International Business Times UK

England navigate elite demands in bid to retain European Under-21 crown

Lee Carsley’s new generation can seize the narrative in Slovakia in the face of the Club World Cup hubbub

The Guardian - UK

Volkswagen Says European Buyers Want Buttons, Not Screens

As someone who owns a previous-generation Skoda Octavia, I find my car’s dashboard to be borderline perfect in terms of layout and user interface. It strikes just the right balance between buttons and screens, a feature that virtually all Volkswagen Group products had until the late 2010s or so. After…

Motor1

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BMWs Will Look Very Different Very Soon

BMW's next era of design starts with the iX3 electric SUV, which is scheduled to debut before the end of the year. But it won't be the only vehicle in the Bavarian brand's lineup to get the Neue Klasse look. According to Group design boss Adrian van Hooydonk, every BMW…

Motor1

It's a day ending in 'y' so you know what that means: Embracer Group is doing more restructuring

It's amazing this lot ever get around to releasing games.

PC Gamer

Who Is Gopi Hinduja, the UK's Richest Man? Why His £35.3B Fortune Is Raising Eyebrows in 2025's Rich List Shake-Up

Gopichand Hinduja, widely known as Gopi, has once again been named the wealthiest individual in the UK by The Sunday Times Rich List for the fourth year in a row.

International Business Times UK

BMW Group profits plunge but outlook maintained despite tariff pressures

The German carmaker reported earnings below the previous year’s level but confirmed its financial targets for this year, and said it expects some of the US trade tariff increases to be temporary.

Euronews

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KTM's Parent Company Lost Nearly 1.2 Billion Euros Last Year

With the end of April just behind us, we're deep in the midst of quarterly/annual report season from all your favorite OEMs. The way that KTM parent company Pierer Mobility's reporting calendar works, it would usually have assembled its FY2024 annual report and released it by the end of April.…

RideApart

Volkswagen Is Making Less Money Because It's Selling More EVs

The Volkswagen Group’s earnings after tax plummeted 40.6 percent to €2.18 billion in the first quarter of 2025. At first glance, you might assume this sharp decline was due to a drop in sales. But that’s not the case. Deliveries actually rose by 1.4 percent to 2.13 million units. So…

Motor1

Consumer caution dampens Primark results as owner ABF reports profits hit

ABF group revenue was down 2% at $12.7 billion, and adjusted profit before tax was also down 10% from $1.2 billion the previous year to £818 million $1.09 billion.

Fortune

Prada Snatches Up Rival Fashion House Versace In $2.2 Billion Dollar Deal

Luxury fashion brand Prada has bought fellow Italian-founded luxe labvel Versace in a $2.2 billion dollar deal.

Pedestrian.tv

Peppa Pig caught up in tariff "storm" as merchandise company warns of hit to sales

Character Group said it was withdrawing its market guidance for the financial year ending 31 August.

Evening Standard

Prada agrees to buy rival Versace in a deal valued at over $1bn

The final value of the deal will be adjusted at closing, expected in the second half of the year

The Independent UK

Trump wants to ramp up US mineral production. Could the iconic Grand Canyon be a target?

The Trump administration is calling for prioritizing mineral production on federal lands. Tribes and environmental groups fear what that could mean

The Independent UK

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Fortune

Volkswagen’s own-brand currywurst sausage proves almost as popular as its cars

Volkswagen sold 8.55 million currywursts last year, almost equalling the 9 million cars sold across the group.

AAP

Star reveals mystery lender behind $940m debt rescue

Embattled casino group Star Entertainment has confirmed the lender behind a $940 million refinancing deal, as it mulls multiple pathways for survival

Evening Standard

Poundland put up for sale after sales slump in 'challenging' conditions for high street

Owner Pepco said Budget tax hikes have put extra pressure on the ailing chain

The National (Scotland)

Hundreds of jobs lost as Glasgow-based retailer calls in administrators

Hundreds of jobs "will be lost" after a Glasgow-based fashion retailer has called in administrators.

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The Independent UK

MoneySupermarket firm raises dividend as insurance boosts revenues

Shares in Mony Group lifted higher in early trading on Monday as a result.

International Business Times

Sony Names New CEO In Management Reshuffle

Japanese electronics and entertainment giant Sony Group said Wednesday that it has promoted Hiroki Totoki to chief executive officer as part of a wider management reorganization.

The National (Scotland)

WH Smith confirm talks to sell high street stores

WH Smith has confirmed that it is in negotiations to sell its entire high street business empire more than 230 years after it first opened its first…

Motor1

Volkswagen Fears Colossal Emissions Fine is Coming

The VW Group has put its immensely costly Dieselgate scandal behind it, but it's still facing an uphill battle to meet emissions regulations. For 2025, the European Union is lowering CO2 targets by approximately 15% compared to 2021 levels. For each gram above the threshold, automakers must pay €95 ($98).…

Autosport

Cowell takes team principal role in Aston Martin F1 team restructure

Aston Martin has shaken up its team management structure with Andy Cowell appointed team principal, replacing Mike Krack who has been given the title of chief trackside officer after just under three years in his previous position.

Cycling News

'The industry shot itself in the foot' - Brompton boss blames lack of sales as profits crash by 99%

Pre-tax profits fall from over £10 million to just £4,602

TechRadar

MetLife denies hack after ransomware group claims attack

RansomHub leaks reported company documents, but MetLife says it is unaware of any incident.

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