Post Office Counters at Risk as TG Jones Owner Seeks Changes
Modella, owner of TG Jones (formerly WH Smith), aims to cut Post Office contracts, risking closure of up to 60 outlets and creating 'postal deserts'.
Modella, owner of TG Jones (formerly WH Smith), aims to cut Post Office contracts, risking closure of up to 60 outlets and creating 'postal deserts'.
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RICS survey reveals UK housing market remains subdued due to Iran war, with buyer demand low and prices falling, especially in London and the South East.
Modella Capital's takeover of WH Smith's high street chain, rebranded as TG Jones, faces a critical restructuring with up to 150 store closures and thousands of job cuts, as the low-profile firm positions itself as key creditor, landlord, and brand owner.
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Vistry shares fell 11.5% after warning of significant profit hit, pausing share buyback, and citing Iran war-driven cost inflation. Savills also flags conflict dampening housing demand.
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