Business

The UK economy grew slightly in the three months to June, according to official estimates. Gross domestic product (GDP) increased by 0.2% in the second quarter of the year, the Office for National Statistics (ONS) said. In June alone it rose 0.5%. It comes after a rate of 0.1% was recorded in the first quarter,
Wilko has gone into administration – putting 12,000 jobs at risk. It comes after Sky News revealed earlier on Thursday the retail chain was only hours away from insolvency. In a statement, CEO Mark Jackson said: “We’ve all fought hard to keep this incredible business intact but must concede that time has run out and
Hopes of a rescue deal for Wilko were fading on Thursday morning as it emerged that the ailing homewares retailer was heading into insolvency within hours. Sky News has learnt that Wilko’s board is expected to appoint PricewaterhouseCoopers (PwC) as administrator later today after talks with a number of potential rescuers stalled. The move would