British discount retailer Poundworld has gone into administration, putting 5,100 jobs at risk and becoming the latest victim of brutal trading conditions in the UK retail sector, Reuters reported. Business services firm Deloitte said on Monday it had been appointed as Poundworld’s administrator. Private equity group TPG Capital, Poundworld’s majority owner, put the discount retailer up for sale last month but has failed to find a buyer.

Most customers of collapsed UK brokerage Beaufort Securities will not face any costs as a result of the firm’s insolvency, after administrators PwC revised down its fees, the Financial Times reported. The accountancy firm said on Friday it had reached an agreement with creditors and the Financial Services Compensation Scheme to cap fees at £10,000 per customer, with many expected to pay far less than that. Fewer than 10 customers, with large cash accounts, are now expected to take a haircut on their funds following a meeting of creditors held on Wednesday.

House of Fraser said it needed to close 31 stores to survive, in a plan likely to result in as many as 6,000 job losses, making the department store group the latest in a long line of retail casualties in Britain, Reuters reported. The closures include the group’s flagship shop on Oxford Street in central London and will leave it with just 28 stores across Britain and Ireland.

HSBC Holdings Plc’s Steven Major is starting to show a little less conviction on two of his big investment calls of recent years: bullish Treasuries and bearish credit. The shift comes as traders shaken by weeks of turbulence across asset classes regain their footing, Bloomberg News reported. In European credit markets, the biggest high-grade sell-off in more than two years has created a short-term buying opportunity, while Treasuries offer little less value given the Federal Reserve’s policy trajectory, the strategist said in a research note.

Aston Villa have reached an agreement with British tax authorities (HM Revenue & Customs) over a tax bill and are currently not working with administration advisors or insolvency practitioners, the Championship club said on Thursday. The BBC reported that Villa owe 4 million pounds ($5.36 million) and have already paid HMRC 500,000 pounds on Wednesday, the International New York Times reported on a Reuters story. They will pay another 1.2 million pounds this week.

The liquidation of collapsed British outsourcer Carillion will cost UK taxpayers at least £148m, according to a report from the government’s auditor, of which an estimated £50m will be paid to auditor PwC for its work in the process, the Financial Times reported. PwC is the “special manager” appointed to the windup process by the Insolvency Service, causing anger among politicians, given its former role also as an adviser to Carillion.

Investors who backed a rebranding of Cambridge Analytica are in a stand-off with former chief executive Alexander Nix after he allegedly withdrew more than $8m from the scandal-hit data firm shortly before it collapsed, the Financial Times reported. Several people involved in the dispute told the Financial Times the withdrawal came shortly after Mr Nix learned British media was reporting on allegations about his company’s role in a massive leak of Facebook user data in March. Mr Nix did not respond to multiple requests for comment.

Cambridge Analytica, the U.K. political consulting firm that closed its doors after a scandal over how it harvested data to influence the last U.S. presidential election, now faces a group of Facebook users in its bankruptcy, Bloomberg News reported. “Data Breach Plaintiffs" filed a notice on Tuesday to appear in the company’s New York bankruptcy. The group is involved in two lawsuits against both Facebook and Cambridge Analytica that seek class-action status on claims that about 87 million Facebook users had their personal information taken without permission.

Lebara, the telecoms company that has already missed deadlines to file its accounts, has promised to buy back a small portion of its distressed €350m bond in exchange for more time to file audited results, the Financial Times reported. The value of its bond has plummeted in recent months after errors in its financial reporting which Lebara’s management described as a “genuine mistake”. The company sells low-cost international phone calls across Europe and is known for adverts that line many of London’s newsagents.

Britain’s pensions watchdog head Lesley Titcomb will step down at the end of her four-year contract in February 2019, The Pensions Regulator said on Thursday. The search for her successor will begin immediately and will be led by Chairman Mark Boyle, the watchdog said. Titcomb, who was appointed chief executive of the watchdog in 2015, oversaw the collapse of construction outsourcing company Carillion Plc earlier in the year and department store chain BHS in 2016, Reuters reported.