MANAGEMENT at IWP International is to close the company’s headquarters in Dublin city centre, relocating the operation to Britain in a cost cutting move resulting in once off expenditure of €6 million.

Asda owner Wal-Mart was today reported to be lining up a £1bn (€1.5bn) takeover bid for discount clothing chain Matalan.

Premiership striker Wayne Rooney has been accused of spitting in a woman’s face in a nightclub, it emerged tonight.

British discount retailer Matalan remained unfazed about a slowdown on the high street today as shoppers continued to seek out bargains.