Bargain Booze owner Conviviality on brink of collapse with 2,500 jobs at risk

Company went cap in hand to investors to raise £125m but it has been unable to convince them of long-term future
Bargain Booze owner Conviviality could be heading for administration after failing to secure emergency funding, placing 2,500 jobs at risk.
Over the past few weeks the firm has seen its chief executive step down after issuing a string of profit warnings and revealing a £30m tax bill.
Conviviality was forced to go cap in hand to investors to raise £125m as a result, but it has been unable to convince them of its long-term future.
Read more Bargain Booze owner says suppliers remain supportive despite tax bill A statement read: “Despite a significant number of meetings with potential investors resulting in good levels of demand, and constructive discussions with a number of key customers and suppliers regarding the provision of support, there was ultimately insufficient demand to raise the full £125m.
“The board wish to thank its customers, suppliers and employees for t..

UK consumer confidence boosted slightly by wage growth and Brexit progress, survey shows

Greatest improvement seen in the way that respondents expect their personal financial situation to unfold over the coming year
UK consumers became slightly more confident this month than they were in February, cheered by the prospect of wages inching higher, inflation easing slightly and progress being made on Brexit negotiations, a survey shows.
The GfK UK consumer confidence index rose to a score of minus 7 for March, which was up from a score of minus 10 in February and minus 9 in January.
The monthly questionnaire, which has been running since 1974, examines how consumers rate their personal financial situation and the general economic situation over the last 12 months and over the coming twelve months. It also takes in account how likely consumers are to make a major purchase.
March’s index rose for all five measures. The largest increase was seen in the way that respondents expect their personal financial situation to unfold over the coming year.
Read more Inflation falls..

PFN Backs Danjuma’s Call For Self-Defense, Says Majority Of Nigeria’s Security Agencies Headed By Compromised Fulani Citizens

  The National Publicity Secretary of the Pentecostal Fellowship of Nigeria (PFN), Bishop (Dr) Emma Gospel Isong has backed the advice by a former Minister of Defence, Lt. Gen. Theophilus Danjuma (rtd.) that Nigerians should defend themselves against killers.   Dr Isong in an seven-point to back the former Minister of Defence said Nnamdi Kanu…