Poundland reportedly files notice of intention to appoint administrators, putting thousands of jobs at risk

Poundland filed a notice of intention to appoint administrators on Oct. 29, The Independent reports, putting around 12,000 jobs at risk across roughly 600 UK stores. Sky News says the notice creates a 10-working-day legal moratorium, not an appointment of administrators, and quotes Poundland saying stores remain open. Sky earlier reported some suppliers moving to curb deliveries; The Independent says advisers were still discussing potential sales.