House of Fraser plans launch of CVA

HIGH Street giant House of Fraser is the latest in a growing number of retail giants to announce that they will launch a company voluntary arrangement (CVA) in June. A CVA is designed to help a struggling company to pay back a proportion of its debts over time.

House of Fraser confirmed that Chinese retailer C.banner is taking a 51% stake in the firm, shifting control from previous Chinese owner Nanjing Cenbest.

House of Fraser’s CVA is subject to creditor approval and the store...

Hundreds of job losses as RBS announces branch closures

The Royal Bank of Scotland (RBS) is the latest well known name in the High Street to close shop in a period when the retail giants are toppling like dominos

RBS has announced it is closing 162 branches across the UK resulting in the loss of 792 jobs.

Plans to form a new “challenger” bank have stalled and RBS is no longer going ahead. The result is that its businesses in England and Wales, and Natwest in Scotland, were facing geographic duplication.

It is understood that RBS...

Police charge 35-year-old man with the murder of Hollie Kerrell

A man has been charged with the murder of the missing 28-year-old Hollie Kerell. A statement was issued by Dyfed-Powys Police this evening. The statement read:

“Dyfed-Powys Police has tonight (April 27) charged 35-year-old Christopher Llewellyn Kerrell, of Whitton, Knighton, with the Murder of Hollie Kerrell.

"He has been remanded in to custody and is due to appear at court tomorrow (April 28). Police are not looking for anyone else in connection with Hollie’s death.”

Poundworld store closures expected as company plans to launch CVA

POUNDWORLD is the latest retail giant set to launch a company voluntary agreement (CVA) in the coming weeks threatening hundreds of jobs and the closure of up to 100 stores.

According to Sky News, the discount retailer is due to announce the move early next month.

It is understood that although Poundworld would seek to redeploy staff where possible, it would inevitably lead to hundreds of job losses.

Poundworld reported a pre-tax loss of £17.1 million in the year to March 31.


Body found in search for ‘missing’ Hollie Kerrell

POLICE have confirmed that a body has been found during the search for missing 28-year-old Hollie Kerrell.

Superintendent Jon Cummins said: “We are saddened to confirm a body has been found during the search of missing Hollie Kerrel. Our thoughts are with her family, who are being supported by specially trained officers at this extremely sad time.

“The man arrested on suspicion of murder remains in police...

Man arrested on ‘suspicion of murder’ as search continues for ‘missing’ Hollie Kerrell

Dyfed-Powys Police is continuing with thorough enquiries in the search for 28-year-old Hollie Kerrell, who is missing from Knighton.

Superintendent Jon Cummins said: “I would like to thank the community for their support while the investigation continues and renew our appeal for information.

“Hollie was last seen at her home address in Knighton on Sunday, April 22, at around 10am. No one has heard from her since.

“We’re appealing to anyone with any information or sightings...

First Minister Carwyn Jones AM to stand down

FIRST Minister Carwyn Jones is to stand down in the autumn.

The Labour AM made the announcement at the Labour Party Conference in Llandudno earlier today Saturday (Apr 21).

There has been speculation for some time whether the First Minister would be standing down but it still came as a surprise to a lot of people.

After almost ten years as leader he cited family reasons as contributory factors giving up his role as First Minister.

Speculation about the identity of his successor...

Wetherspoon banishes trolls but website and app stay

To troll or not to troll?

Report by Alan Evans and Iwan Lewis

IT was National News headlines as JD Wetherspoon announced it was to shut down all it's social media accounts throughout its chain of 900 pubs across the UK and Republic of Ireland.

It may be a decision that a lot of people would like to make on behalf of their children, but a big business...

Carpetright closures as part of CVA

YET another retail giant is set to close a number of its stores in what has become a year of 'meltdown' for some of the most famous names on the High Street and at out of town shopping centres.

More than 80 Carpetright stores have been earmarked for closure under a proposed company voluntary arrangement (CVA) with a further 113 sites being subject to a reduction in rental costs and revised lease terms. The move places about 300 jobs at risk.

Carpetright has said that it was exploring...

Stena Line employees take on 3 Loch Challenge in aid of Mercy Ships

TWENTY-TWO Stena Line employees from Wales are planning to take on a mammoth challenge this week starting on the 7th April, by walking 34 miles around three lochs in Scotland - Loch Lomond, The Gareloch and Loch Long. The challenge will be attempted in just 24 hours - with all proceeds raised going to Stena Line’s Mercy Ships charity.

The 3 Loch Challenge is set to be a tough one as it is advised that experienced hikers take two to three days to complete the walk...