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The Latest Breaking News from Wilko

Jeremy Hunt says he mustn’t pump extra money into people’s pockets; BoE’s Mann says better to over-tighten interest rates – as it happened

Chancellor says focus is to fight inflation, while Bank of England policymaker argues for higher interest rates

The Guardian - UK

Wilko administrators reveal locations of 52 stores to close next week

PwC warns of more job losses if last-ditch talks to save stricken retailer fall through

The Guardian - UK

Employees at TWO Scottish stores will see job losses as early as next week

ADMINISTRATORS for Wilko have revealed the locations of 52 stores which will close as early as next week resulting in more than 1000 job losses.

The National (Scotland)

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Wilko reveals locations of London branches set to close next week

Administrators from PwC are still in talks with parties interested in buying the remaining parts of the business.

Evening Standard

More than 1,300 jobs to go as 52 Wilko stores shut down

Doomed branches to be named tomorrow as administrators try to save majority of jobs and shops

The Guardian - UK

Wilko: B&M strikes deal to buy 51 stores for up to £13m

Poundland, Home Bargains and The Range also in talks to snap up some of stricken retailer’s outlets

The Guardian - UK

B&M rescues 51 Wilko shops in £13 million deal

The shops are likely to be rebranded as new B&M stores, as the FTSE 100 retailer did not purchase the Wilko brand name

Evening Standard

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B&M agrees to buy over 50 Wilko stores from administrators for £13 million

Discount retail chain B&M European Value Retail said it has agreed to buy up to 51 Wilko stores for £13 million, after a bid to purchase the…

The National (Scotland)

Oil hits $90 per barrel as Saudi Arabia and Russia extend production cuts; UK business activity falls – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude hits its highest level of 2023

The Guardian - UK

Wilko: rescue deal to save many stores at risk over supplier debts

Big suppliers want debts paid upfront in order to guarantee supplying shops

The Guardian - UK

Meet Hilco, the firm behind the scenes at Wilko failure and other high street collapses

Restructuring specialist made its name through dealings with some of best-known British retailers

The Guardian - UK

Lidl becomes UK’s joint-highest-paying supermarket as it gives London workers £12.85 an hour

It comes as Lidl aims to recruit former staff of Wilko, which is set to make a wave of layoffs after collapsing into administration last month

Evening Standard

Wilko job cuts to begin on Monday with support staff to be laid off after full rescue deal fails

Monday will be the last day of work for Wilko’s commercial trading team, IT, finance, Legal and HR. For those at distribution centres, redundancies will start next week

Evening Standard

Wilko job cuts to begin next week after £90m bid falls through

About a third of 1,400 staff at stricken retailer’s head office and warehouses expected to be made redundant

The Guardian - UK

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The Independent UK

Wilko pauses redundancies as administrators consider rescue bids, says union

The GMB union, which represents more than 3,000 of Wilko’s 12,500 staff, said it met with administrators on Tuesday morning.

The Guardian - UK

Wilko closures and job losses on hold as administrator considers rescue bids

Restructuring specialist M2 makes potential offer alongside HMV owner Doug Putman

Evening Standard

Wilko job cuts ‘suspended’ after union calls for urgent government talks

A spokesperson for the union said it was not yet clear how long the suspension might last

The Guardian - UK

Wilko: union seeks urgent meeting with business secretary over administrators

GMB asks Kemi Badenoch to ensure PwC considers all bids for collapsed retailer as 12,500 jobs are at stake

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The Guardian - UK

Romancing the 60s on London’s Goodge Street

Brief letters: Donovan’s Sunny Goodge Street | Seeds for success | Ethical savings | Wilko workers

Evening Standard

Second last-minute bid launched to save Wilko, reports say

Rescue bid could keep entire Wilko chain trading after it collapsing into administration

The Guardian - UK

Wilko administrators urged to accept rescue deal after second bid

Last-minute white knight bid worth £90m from M2 Capital follows earlier offer from owner of HMV

The Guardian - UK

Experts sceptical Wilko deal will emerge with creditors in driving seat

Administrators put creditors’ interests over those of employees – and for creditors, liquidation may be the best option

The Guardian - UK

HMV owner makes last-ditch bid to rescue Wilko

Proposal by Doug Putman could save 350 stores and 10,000 jobs as union calls for employees to be prioritised

The National (Scotland)

Majority of Wilko stores to close 'within weeks' - see all the stores at risk

The GMB Union has revealed the majority of Wilko stores will close "within weeks" - see the 408 sites currently in the UK that could be…

The Guardian - UK

Wilko to close ‘majority of stores’ with loss of thousands of jobs

UK retailer, which has about 400 shops, likely to shut some branches ‘in near future’ after no buyer found

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