Claims extracted
15
sentences that state something as happening or true
Uncertain
0%
0 of 15 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
94/100
City AM's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
unclustered
not grouped into a story yet
Same framing elsewhere
1
articles that frame the event the way this one does
Poundland has secured extra time in its bid to avert collapse after the directors of the struggling retailer managed to hold off its creditors by another 10 days.
asserted
directors → secure → days
The high street chain’s management has filed a second notice to appoint administrators, which it is hoped will give its owners Gordon Brothers more time to find a buyer for its 600 stores and 12,000 staff.
asserted
it → file → stores
This comes after Gordon Brothers was slammed by MPs for “jeopardising thousands of jobs on Britain’s high streets” during a two-hour grilling in Parliament on Wednesday.
asserted
Brothers → come → Wednesday
A spokesperson for Poundland’s board said: “Over the past two weeks, Poundland has been operating under the statutory protection of a Notice of Intention (NOI) to appoint Administrators.
asserted
Poundland → say → Administrators
“Amid an ongoing sale process, and with funding agreed to enable the business to continue trading during this period, the Board of Poundland has today resolved to make an application for a second NOI with a view to identifying the best available prospects for shareholders, creditors and our people.
asserted
Board → agree → shareholders
The discount retailer said its stores will remain open during the 10-day moratorium on its creditors, as it thanked its colleagues, suppliers and customers “for their incredible and continued support”.
asserted
it → say → support
Talks continue for rescue buyer
Poundland’s founder, Steve Smith, had been warning in recent days that the retailer would not be able to continue trading as he accused Gordon Brothers of withholding the company’s access to the funds needed to pay its suppliers.
asserted
he → continue → suppliers
Gordon Brothers agreed to release £10m to Poundland as the first in a series of payments earlier this week, and its Europe chief, Mark Newton-Jones told MPs on Wednesday that the firm had in no way restricted the retailer’s access to funds.
asserted
firm → agree → funds
But following the hearing the committee’s chair, Liam Byrne, said there were “concerning signs [Poundland had] been strangled of access to its own funds in what should be its busiest trading period in the run up to Christmas”.
asserted
what → follow → Christmas
Sources close to the hearing told City AM that Newton-Jones appeared “exasperated at the media coverage” of the sale process and “tried to paint Gordon Brothers as the saviour of the situation”.
asserted
Jones → tell → situation
Another questioned whether Gordon Brothers is committed to finding a buyer who will keep the company intact, telling City AM it was “abundantly clear” the retailer’s owner gordon “will make vastly more money if it is broken up”.
asserted
it → question → money
The retailers’ future now hangs in the balance as talks continue with three bidders, NCP-owner Martin Property Group, little-known investor Xyra Group and Irish investment firm Innovest Holdings, sources told City AM.
asserted
sources → hang → AM
Retailers including Tesco, B&M, Lidl, Iceland, The Range and Poundstretcher are waiting in the wings to snap up Poundland’s stores and stock if it falls into administration.
asserted
it → include → administration
A collapse of Poundland would be the most significant to hit the retail sector in years and would strike a blow to Andy Burnham’s pledge to revive the high street.
“The truth is that too many high streets have been left to hollow out, leaving town centres a shell of what they once were,” Burnham said in September.
asserted
Burnham → hit → September
“That must change.”
asserted
That → change → ?
The Aporia
