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Poundland reports rise in profits

Budget retailer Poundland reports a rise in annual profits, but says the first half of the current financial year will be "relatively subdued".

Discount store Poundland has invited the competition authorities to move to a full review of its proposed tie-up with rival 99p Stores.

Emma Simpson visited a branch of Poundland to find out what shoppers go there to buy.

Budget retailer Poundland agrees to buy 99p Stores for 55m, subject to approval by competition authorities.

Budget retailer Poundland reports a 12% rise in half-year profits to 9.3m.

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