HP names former GSK chief Emma Walmsley as CEO - Reuters

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• Kraft Heinz to divest its North American coffee business in $650 million deal

  The packaged food giant is offloading iconic brands like Maxwell House to One Rock Capital Partners while retaining a 30% noncontrolling stake. This strategic realignment under Chief Executive Steve Cahillane aims to free up roughly $500 million in post-tax cash to alleviate debt burdens. By trimming non-core assets, leadership seeks to redirect capital toward higher-growth operational priorities.

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• Once it was a £1 hanger. Now it’s a £15 locker. Why do cloakrooms cost so much on a night out?

  Entertainment operators across the UK are increasingly outsourcing storage to commercial locker firms and third-party businesses to counter declining alcohol sales, heightened staffing expenses, and strict post-Manchester Arena security mandates. This operational transition has driven storage fees up to £15 as venues seek shared revenue streams. The inflated costs are exacerbating broader nighttime affordability issues, pushing some event attendees to abandon their personal belongings in unsecured external spaces.

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• Poundland suppliers warn US owner must not maximise its return at their expense

  Retail partners risk substantial financial ruin as the discount chain edges closer to administration under plans favored by its American parent firm. A proposed breakup aims to prioritize repaying a £30m shareholder debt by distributing real estate assets to competing retailers. Consequently, around 2,000 commercial vendors could be left holding vast amounts of unpaid debt and bespoke, unsellable inventory.

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