Poundland suppliers hit by insurance downgrade

Credit insurers reduce cover for stock sold to discount retailer after £5bn accounting scandal at parent company SteinhoffPoundland faces potential difficulties with suppliers after an insurance company reduced its cover on credit for those selling goods to the cut price chain.The credit insurer Atradius reduced its cover relating to stock sold to Poundland earlier this week, according to the trade journal The Grocer, after an accounting scandal hit the British chain’s South African